Latest in Trump's tax cuts are 'stuck in the mud' as Republicans split over spending
Sort by
6,959 items
-
Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S.CNBC - 1d -
Republicans stare down massive deficits to extend Trump tax cuts
Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative agenda as disagreements over budget cuts look set to hamstring ...The Hill - 1d -
Musk intensifies government spending attack with push to cut all regulations
The tech billionaire calls USAid, the government conduit of international aid programmes, ‘evil’. US politics live – latest updates Elon Musk has proposed a “wholesale removal of ...The Guardian - 2d -
Snip, snip: Spending cuts are coming
The federal debt has exploded to $36 trillion and annual deficits now approach $2 trillion fThe Hill - 2d -
Trump draws backlash over tariffs, including from top Republicans
President Trump’s sweeping new tariffs on imports from China, Canada and Mexico is drawing widespread backlash including from key Republicans as those countries threaten to retaliate with tariffs ...NBC News - 3d -
To help pay for Trump tax cuts, new taxes on worker benefits become GOP target
The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.CNBC - 4d -
Top Fed officials comments highlight split on central bank about next interest-rate cuts
Bowman, Goolsbee differ on outlook for inflationMarketWatch - 5d -
Dems launch group to hit Trump on tax cuts
Organizers say the nonprofit will be backed by an eight-figure funding campaign.Politico - Jan. 30 -
FirstFT: Fed on collision course with Donald Trump over rate cuts
Also in today’s newsletter, OpenAI accuses DeepSeek of potential copyright breech and a new demography series beginsFinancial Times - Jan. 29 -
Republicans are in their honeymoon phase. But big clashes over Trump's agenda are unresolved.
The focus at the House GOP's three-day retreat was on party unity rather than diving into the weeds on big funding cuts and legislative procedure.NBC News - Jan. 29 -
!['Just give [Trump] a little time': Republican senator reacts to federal spending freeze confusion](https://media-cldnry.s-nbcnews.com/image/upload/t_fit_1500w/mpx/2704722219/2025_01/1738101572102_now_mtp_full_justice_250128_1920x1080-j7ssr9.jpg)
'Just give [Trump] a little time': Republican senator reacts to federal spending freeze confusion
Sen. Jim Justice (R-W. Va.) tells NBC News Capitol Hill Correspondent Julie Tsirkin in an exclusive interview that he supports a broad freezing of funds for federal programs.NBC News - Jan. 28 -
Why Trump should forget about corporate tax cuts in his first 100 days
Corporate tax cuts are inflationary and could spell trouble for Republicans in the 2026 election.MarketWatch - Jan. 25 -
Rep. Don Bacon on Trump's proposed tax cuts, economic relief
On Wednesday, President Trump met with three House Republicans who kept their seats in districts that former Vice President Kamala Harris won. One of those lawmakers, Rep. Don Bacon of Nebraska, ...CBS News - Jan. 24 -
Paying for Trump's tax cuts could lead to big changes for taxpayers
Republican lawmakers are floating a range of ideas to pay for an extension of President Trump's Tax Cuts and Jobs Act.CBS News - Jan. 24 -
Warren sends Musk 30 ideas for DOGE to cut government spending
Sen. Elizabeth Warren (D-Mass.) sent tech billionaire Elon Musk 30 ideas for how the newly formed Department of Government Efficiency (DOGE) could cut government spending. Warren's Thursday letter ...The Hill - Jan. 23 -
Trump: 'We have to get Democrats' to approve tax cuts
President Trump said Thursday he’s working with Democrats on extending and building off of his 2017 tax cuts — one of the top legislative priorities for Republicans, who are split on many of the ...The Hill - Jan. 23 -
What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.The New York Times - Jan. 23 -
Republicans reportedly ready to cut Medicaid funding to pay for Trump plans
House and Senate Republicans float ideas to pay for Trump’s immigration crackdown and to fund tax cuts. US politics – live updates Republicans are reportedly prepared to cut Medicaid funding ...The Guardian - Jan. 23 -
Trump Plan to Swap Tariffs for Tax Cuts Faces Opposition in Congress
Tariffs only made up about 2 percent of annual revenue before.Inc. - Jan. 22 -
Trump threatens Putin with taxes, tariffs and sanctions over Ukraine war
US president tells his Russian counterpart to ‘settle now and stop this ridiculous war’ or face repercussions. Donald Trump has threatened Russia with taxes, tariffs and sanctions if a deal to end ...The Guardian - Jan. 22 -
Trump to meet with Republicans key to tax negotiations and other GOP priorities
Their votes will be crucial to passing Trump's agenda in the closely divided House.Politico - Jan. 22 -
Trump wrongly claims Manchester's atom split feat
Trump speech hailed the US feat, but New Zealander Sir Ernest Rutherford oversaw the trial in Manchester.BBC News - Jan. 21 -
Trump may use Medicaid cuts to fund tax reform. These states would be hit hardest.
President Donald Trump has long proposed cutting Medicaid, which covers healthcare for lower-income Americans.MarketWatch - Jan. 21 -
Republicans face a high-stakes clash over Trump's legislative agenda
Donald Trump will take the oath of office in the midst of a growing feud among congressional Republicans over how to deliver on his policy agenda.NBC News - Jan. 20 -
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - Jan. 17 -
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for their ...The Hill - Jan. 17 -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - Jan. 17 -
Trump’s Treasury pick warns unwinding tax cuts would spark ‘economic calamity’
Scott Bessent also tells US senators in heated confirmation hearing that he backs tougher sanctions on Russian oilFinancial Times - Jan. 16 -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - Jan. 16 -
These five Republicans are ready to derail Trump's tax cuts over the SALT cap
President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.CNBC - Jan. 16 -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - Jan. 13 -
Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers
The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.The New York Times - Jan. 12 -
Split emerges among U.S. spy agencies over mysterious 'Havana syndrome'
A split has emerged between U.S. spy agencies over whether a foreign adversary may be responsible for “Havana Syndrome” injuries to Americans stationed overseas.NBC News - Jan. 11 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Reeves faces 'difficult decisions' on tax and spending
The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.BBC News - Jan. 10 -
Whitehall braced for spending cuts after UK hit by bond market turmoil
Rising gilt yields mean government departments may face further squeezeFinancial Times - Jan. 10 -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - Jan. 9 -
Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'
Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging reconciliation bill, arguing that the GOP’s narrow House ...The Hill - Jan. 8 -
3 reasons Trump keeps floating U.S. control of Greenland — including one tied to tax cuts
Here’s why President-elect Donald Trump keeps talking about one idea from his first term in office — getting control of Greenland, the giant territory controlled by Denmark.MarketWatch - Jan. 8