The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised.

President Donald Trump's "big, beautiful bill" has U.S. Representatives Jasmine Crockett and Brandon Gill at odds with each ...

The Senate prepares to review a massive budget bill that narrowly passed the House, aiming to address concerns over tax cuts and deficits.

House GOP tax reform favors the wealthy: top 20% get 60% of cuts, while low-income earners see minimal relief and risk losing ...

But the income tax decrease in the 2025-26 budget, adopted on April 29, isn’t the largest in 70 years. The income tax rate applied to the excess of a certain threshold, known as a marginal rate, has ...