House Republicans Huddle with Bessent on Tax Policy Menu
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Live updates: House sends funding bill to Senate; Ontario backs off power surcharge
Republicans in Congress are racing to pass a GOP stopgap funding bill by 11:59 p.m. Friday to avert a government shutdown. The House on Tuesday passed the measure 217-213, sending it to the Senate ...The Hill - 22h -
House spending bill facing Senate opposition with government shutdown deadline 2 days away
House Republicans' six-month spending bill will need Democratic support in the Senate to pass into law before Friday's government shutdown deadline. CBS News congressional reporter Taurean Small ...CBS News - 5h -
Trump Wants to Kill Carried Interest. Wall Street Will Fight to Keep It.
President Trump has been trying to eliminate the tax loophole, which benefits Wall Street, but Congressional Republicans may stand in the way.The New York Times - 4d -
Protecting yourself from tax identity theft
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax ...CBS News - 1d -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - 2d -
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.The New York Times - 2d -
How to calculate your Social Security tax obligations
Wondering what you'll pay in taxes on your Social Security benefits? Here's how to do the math.CBS News - 1d -
How the IRS can crack down on ghost tax return preparers
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.The Hill - 4d -
House GOP Passes Spending Bill to Avert Government Shutdown
Approval of the bill sent it to the Senate, where Republicans need the cooperation of several Democrats to move it past a filibuster and to passage before a midnight deadline on Friday.The New York Times - 21h -
Sunday shows preview: House GOP unveils bill to avert shutdown; Trump's tariffs teeter
House Republicans have unveiled a 99-page, six-month stopgap funding bill to avert a government shutdown and increase defense funding while seeking cuts for nondefense programs, which is likely to ...The Hill - 4d -
D.C. Mayor calls out ‘$1.1 billion problem’ in House GOP stopgap plan
Washington, D.C., Mayor Muriel Bowser (D) on Monday sounded alarm over what she described as a "$1.1 billion problem" in a plan rolled out by House Republicans to keep the government funded beyond ...The Hill - 1d -
House's short-term spending bill heads to Senate, passage needed by Friday to avoid shutdown
The GOP stopgap funding bill passed Monday night in the House will now go to the Senate where Republicans will need Democratic support to pass it into law and avert a government shutdown. CBS News ...CBS News - 8h -
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...The Hill - 1d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.CNBC - 1d -
Vice President JD Vance urges GOP to fall in line as shutdown looms
House Republicans are slated to vote Tuesday on their spending bill that would fund the government at current levels through September 2025.ABC News - 1d -
Treasury Secretary Bessent says economy could be 'starting to roll a little bit'
President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."CNBC - 5d -
Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’
The Treasury Secretary says that “access to cheap goods isn’t the essence of the American Dream.” But being profitable to grow and sustain a business is.Inc. - 4d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”NBC News - 1d -
Should I pay off my tax debt before my credit card debt? Experts weigh in
Focusing on tax debt first can be a smart move, experts say, but that won't be the case for everyone.CBS News - 8h -
Senate Democrats say they won't provide votes to pass GOP funding bill as shutdown draws near
After meeting with his conference, the Senate minority leader said "Republicans do not have the votes" to advance the House-approved measure, which requires 60 to pass.NBC News - 32m -
McConnell criticizes and votes no on Trump Labor pick
Former Senate Republican Leader Mitch McConnell (Ky.) was one of three Senate Republicans to vote Monday against former Rep. Lori Chavez-DeRemer (R-Ore.), President Trump’s nominee to head the ...The Hill - 1d -
The public is losing patience with Trump — it's time for Democrats to pounce
It isn’t enough for Trump and his Republican goons to stumble into major policy failures — Democrats must also find effective messaging that shows voters that their so-called populist heroes are ...The Hill - 7h -
A Tariff Tantrum: the Upheaval from Trump’s Trade Policies
Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.The New York Times - 5d -
Republicans worry Trump's tariffs could harm economy
Republican lawmakers are growing alarmed over signs that President Trump’s expanding trade war is hurting the economy, something they’re hearing from constituents at home who are struggling to ...The Hill - 2d -
These Republicans may vote against plan to fund the government
Republican Kentucky lawmakers Thomas Massie and Rand Paul may oppose the plan to pass a continuing resolution as a stopgap to fund the government until September. This comes as President Trump ...CBS News - 2d -
Warren: Democrats ‘showing up’ while Republicans are ‘hiding’
Sen. Elizabeth Warren (D-Mass.) on Monday lauded her fellow Democrats for “showing up” while Republicans are “hiding” from the American people, referring to the GOP's avoidance of in-person town ...The Hill - 1d -
Drug policy expert on fentanyl crisis and tariffs
Drug policy expert Sheila Vakharia joins to discuss the Trump administration's tariffs and their connection to fentanyl, the latest CDC data on overdose rates, and what's actually helping in the ...CBS News - 2d -
Stock market falls sharply as investors fret Trump policies
Stocks continue to slide on Monday, following its worst week since September as president's protectionist policies darken economic view.CBS News - 2d -
Lauren Boebert accused of racism and ableism over her criticism of Al Green
Republican faces backlash for saying Democrat shook ‘his pimp cane’ at Trump during congressional address. The extremist Republican US House member Lauren Boebert has been accused of racism, ...The Guardian - 2d -
Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.The New York Times - 4d -
Businesses bemoan Indian ‘tax terrorism’ and red tape
Officials vow to cut bureaucracy and fiscal burden amid fears they could hurt investmentFinancial Times - 3d -
Trump downplays infighting between Elon Musk, Marco Rubio, other officials
President Trump is backing a House Republican plan to avert a government shutdown next week. He also played down reports of in-fighting in his Cabinet with advisor Elon Musk. Nikole Killion has the ...CBS News - 3d -
Senate Democrats leery of blocking GOP bill fear shutdown politics have changed
Senate Democrats are leery of blocking a House Republican-drafted six-month government funding bill, fearing that a government shutdown may backfire on them politically by giving Elon Musk and the ...The Hill - 1d -
Trump orders likely to drive species’ extinction, wildlife advocates warn
In addition to layoffs and hiring freezes, a ‘God squad’ can effectively veto ESA protections for endangered species. Donald Trump ’s administration , backed by House Republicans and Elon Musk ...The Guardian - 1d -
Aguilar: Democrats still working to unite party against GOP spending bill
The head of the House Democratic Caucus said Tuesday that party leaders are still working to unite their troops against the Republicans’ spending bill. Rep. Pete Aguilar (D-Calif.) bashed the GOP ...The Hill - 1d -
Louisiana voters in Speaker Johnson’s district react to Medicaid cut threats
Residents of Vinton, La., which is part of House Speaker Mike Johnson’s district, are concerned that Republicans will make cuts to Medicaid to reduce government spending. NBC News’ Melanie Zanona ...NBC News - 6h -
Elon Musk Is Making Republicans Sweat and Giving Democrats a New Target
His unusual governing arrangement with President Trump is opening Republicans up to being yoked politically to Mr. Musk, who polls show is broadly unpopular.The New York Times - 4d -
Congressional Republicans unveil spending plan to avert government shutdown
Congressional Republicans unveiled their plan for a spending bill to avert a government shutdown as the deadline approaches this Friday. NBC News’ Yamiche Alcindor reports.NBC News - 2d -
Tories announce policy to deport all foreign nationals with criminal convictions
Policy would apply to those seeking asylum as well as anyone who had been charged with or convicted of immigration offences. All foreign nationals in the UK who receive a criminal conviction would ...The Guardian - 1d -
Southwest Airlines ending free checked bags policy for many passengers
Southwest Airlines is ending its free checked bags policy for many passengers. Some experts think customer loyalty could suffer.CBS News - 1d