Latest in Trump's tax cuts are 'stuck in the mud' as Republicans split over spending
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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 -
How Trump’s Treasury Nominee Allegedly Avoided Nearly $1 Million in Taxes
Hedge fund manager Scott Bessent is facing questions about his personal taxes at a hearing on his treasury secretary nomination.Inc. - 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 -
Pete Hegseth confirmation hearing highlights Republicans’ servility to Trump | Moira Donegan
Defense secretary nominee is incompetent and seems to have no redeeming qualities – but his appointment looks assured. In some ways, the secretary of Defense nomination of Pete Hegseth was always ...The Guardian - Jan. 16 -
Vought nomination signals bruising spending wars under Trump
The Senate’s confirmation hearing of Russell Vought, one of Washington’s staunchest advocates for cutting spending, offered a preview Wednesday of the bruising spending wars likely to consume ...The Hill - Jan. 16 -
What to Know About the E.V. Tax Credit That Trump Might Repeal
Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.The New York Times - Jan. 16 -
Asian Americans prioritize immigration under Trump, but are split on mass deportations
Immigration is an issue that many Asian Americans, Native Hawaiians and Pacific Islanders want the government to focus on this year, but they are sharply divided on what actions President-elect ...NBC News - Jan. 15 -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - Jan. 14 -
Blizzard of confirmation hearings to offer an early Trump test for Senate Republicans
Cabinet confirmation hearings will provide an early glimpse at how Senate Republicans will handle Donald Trump's wishes in his second term.NBC News - Jan. 13 -
Key Republican says he will support Gabbard as Trump DNI pick
Sen. James Lankford (R-Okla.) said in a Sunday interview that he will support President-elect Trump’s pick for director of national intelligence, former Rep. Tulsi Gabbard (Hawaii). In the ...The Hill - Jan. 13 -
House Republicans and Trump discuss tying California wildfire aid to debt ceiling
The current California fires could become the costliest natural disaster in U.S. history.Politico - Jan. 13 -
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 -
Republicans urge Trump nominees: Don't take the bait from Democrats
Senate Republicans are urging President-elect Trump’s Cabinet nominees to resist taking the bait from Democrats when their high-stakes confirmation hearings kick off next week, marking a ...The Hill - Jan. 12 -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - Jan. 12 -
Poland backs Trump on raising Nato spending to 5% of GDP
Warsaw is closest to reaching new target, but laggards will take ‘decade’, says Polish defence ministerFinancial Times - Jan. 12 -
Trump and Republicans Cannot Stop Electric Vehicles, Experts Say
More car buyers are expected to eventually pick battery-powered cars and trucks as prices fall and technology improves, even if Biden-era incentives disappear.The New York Times - Jan. 11 -
SALT-focused Republicans to meet with Trump as they threaten to hold up bill
Republicans who are pledging to withhold support for President-elect Trump’s ambitious agenda if the state and local tax (SALT) deduction cap is not raised are set to meet with the incoming ...The Hill - Jan. 11 -
Despite Trump’s Attacks, Republicans Made Big Gains in Mail Voting
As Republican voters embraced a practice that Donald J. Trump railed against for years, softening his tone only slightly in 2024, the party eroded a key Democratic advantage across the country.The New York Times - Jan. 11 -
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 -
Legal fight over €2.5bn worth of aircraft stuck in Russia plays out in Dublin
World’s largest aircraft lessors and insurance firms battle over compensation for jets stranded after Ukraine invasion. Sitting in a nondescript building near the high court in Dublin, about 40 ...The Guardian - 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 -
Questions mount over budget cuts made ahead of L.A.-area wildfires
Los Angeles city leaders are facing mounting questions over whether the city was prepared as the wildfires, including the Palisades Fire, broke out. L.A. Mayor Karen Bass is also facing criticism ...CBS News - Jan. 10 -
Senate GOP fears landmines in House could derail Trump's tax agenda
Senate Republicans fear that President-elect Trump’s tax agenda could be derailed in the House by several potential landmines, including calls by some GOP lawmakers to raise corporate taxes and to ...The Hill - Jan. 10 -
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.The New York Times - Jan. 10 -
Trump hosts Republican governors in Florida and talks anew about Greenland and drones
President-elect Donald Trump hosted 22 of the nation’s 27 Republican governors for dinner at his Florida club, looking to help drive the agenda in conservative-run states after he takes office in ...ABC 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 -
Warren questions Trump IRS nominee's experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...The Hill - Jan. 9 -
Trump to host Republican governors at Mar-a-Lago
President-elect Trump is hosting a slew of Republican governors at his Mar-a-Lago estate on Thursday night, seeking to get state leaders on the same page before he takes office later this month. ...The Hill - Jan. 9 -
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 -
Trump and Senate Republicans still divided on how to implement his agenda
President-elect Donald Trump is meeting with Senate Republicans to try to get lawmakers "on the same page" on how to advance some of his major policy initiatives.ABC News - Jan. 8 -
Watch: Trump meets with Senate Republicans on Capitol Hill, pays respect to Carter
President-elect Trump went to Capitol Hill Wednesday evening to meet with Senate Republicans and visit the Rotunda, where the late former President Carter is lying in state. With his inauguration ...The Hill - Jan. 8 -
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 -
House Republican: Gulf of Mexico name less important than Trump's actions
Rep. Austin Scott (R-Ga.) said President-elect Trump’s musing about changing the name of the Gulf of Mexico to the Gulf of America is less important than his actions in the region, particularly ...The Hill - Jan. 8 -
The U.S. Economy Is Stuck in a Showdown Between Trump and the Federal Reserve
The president-elect wants lower interest rates but Jerome Powell sees them staying high.Inc. - Jan. 8 -
Trump’s push for SALT tax reform threatened by hardline GOP budget hawks
The path of least resistance could be $5 trillion in new government debt.MarketWatch - Jan. 8 -
Republican v Republican: can Trump play peacemaker within his own party?
The president-elect’s intervention in Mike Johnson’s speakership win was a sign of his power over the party – but it was only the first test of many. Donald Trump to the rescue.. With Mike ...The Guardian - 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