Jan 11, 2025 · As Republicans prepare to extend the 2017 Trump-era tax cuts that are currently scheduled to expire at the end of the year — or make them permanent — a new analysis by the Treasury Department ...

Nov 22, 2024 · Elon Musk and Vivek Ramaswamy said this week that they plan to target billions of dollars in “unauthorized” federal spending as part of their effort to trim waste from the budget.

Oct 1, 2024 · House Speaker Mike Johnson pitched Wall Street today on Republicans’ agenda of tax cuts and deregulation, promising to deliver an economic boost while also pursuing “fiscal responsibility ...

Oct 22, 2024 · The IRS announced Tuesday that the standard deduction would increase by $800 for the 2025 tax year, rising to $30,000 for couples filing jointly. Single filers will see a $400 bump, to $15,000 ...

Aug 18, 2020 · Opinions about tax policy are divided in the U.S. along fairly predictable partisan lines, with Republicans typically expressing preferences for lower taxes compared to Democrats, but how do those ...

Feb 7, 2025 · As Republican senators head to Florida to meet with President Trump on Friday night, the chair of the Senate Budget Committee released the outline of a 2025 budget resolution that would increase sp

Jul 26, 2016 · President Obama vetoed a bill last week that would have limited the taxpayer money spent on expense accounts for former presidents.. The bill, titled the Presidential Allowance Modernization Act ...

Oct 8, 2024 · The federal government’s budget shortfall for fiscal year 2024 grew by $139 billion from the previous year to reach $1.8 trillion, according to an estimate released Tuesday by the Congressional ...

Mar 7, 2024 · Even as Congress tries to wrap up the drawn-out appropriations process for the 2024 fiscal year, which started back in October, lawmakers are also eager to turn the page to the 2025 budget.

Nov 26, 2024 · President-elect Donald Trump has selected Russell Vought to run the Office of Management and Budget, the largest office within the executive branch.