Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher bond yields, and recession.

Estimates from the Congressional Budget Office, released Thursday, offer a detailed view into the effects on income groups.

At least two Republicans said they were unaware of provisions in the bill they oppose, while Freedom Caucus demanded steeper cuts.

Text of the Republican-led U.S. Senate Judiciary Committee's contribution to the bill released by its chair, Senator Chuck Grassley, late on Thursday would limit the ability of judges to issue preliminary injunctions blocking federal policies unless the party suing posts a bond to cover the government's costs if the ruling is later overturned.

Maine's legislature rejected a bill, LD 1134, on Thursday that would have kept biologically male trans athletes out of girls' sports and complied with Trump.

The Republican tax bill approved by the U.S. House of Representatives would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,

Both Democrats and Republicans exaggerate the impact of the bill's cuts on the Supplemental Nutrition Assistance Program.

The tax bill before Congress would partially exempt the U.S. Virgin Islands from a law meant to crack down on tax havens, after a lobbying campaign by the territory’s government and a large private credit firm that stands to benefit from the measure.

The U.S. Senate has added language to the major tax and budget policy bill that would restart and expand a compensation program for victims of nuclear radiation