The flagship tax-and-spending proposal backed by President Trump has come under fire after revelations of a contentious paragraph that could hike deficits by $2.3 trillion over a decade. Critics and fiscal watchdogs are questioning the bill’s hidden costs as GOP allies launch a high-stakes lobbying effort to shore up support.
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Senate Minority Leader Chuck Schumer wants Democrats to unite to inflict pain on Senate Republicans as they work to ram President Trump’s wish list of policy desires through the Senate.
The One Big Beautiful Bill Act, backed by President Trump and Republicans, would add $2.3 trillion to budget deficits, according to a CBO estimate.
Senate Majority Leader John Thune teased that Republicans in the upper chamber are looking to make key tax cuts in the One Big Beautiful Bill Act permanent and find additional savings.
The "One Big Beautiful Bill Act" would raise U.S. debt by more than $3 trillion over a decade, research finds, likely impacting consumer loans and bond prices.
The Senate will consider President Trump's spending overhaul in the coming weeks.
Some GOP fiscal hawks say they won’t support a bill that increases the deficit.
Senate Republicans will begin rewriting the House budget bill, which contains President Trump's economic agenda, this week. Former GOP Rep. Kevin Brady of Texas joins "The Takeout" to describe what it was like when that happened to him in 2017.
Six Nobel laureate economists say GOP-backed "big beautiful bill" will hurt millions of Americans and weaken the U.S. economy.
The Senate returned to Capitol Hill on Monday to debate the Republican budget package that some upper-chamber lawmakers are already critiquing. CBS News congressional correspondent Caitlin Huey-Burns has the latest.
President Trump is standing by his new budget plan following public criticism from Elon Musk, who announced his departure from the administration. Also, Kim Ng discusses the new women’s pro softball league backed by the MLB.
The bill containing Trump's tax cuts and border and defense spending is expected to face some hurdles in the Senate.
The House passed President Trump's "one, big, beautiful bill," which includes continuing the 2017 tax cuts, but several GOP senators have voiced concerns.
Senate Begins Putting Its Stamp on Giant Trump Tax, Debt Limit Bill Bloomberg.com
President Donald Trump may have more trouble than expected getting his so-called "big, beautiful bill" through the U.S. Senate despite having a Republican majority to work with.On Monday, CNN correspondent Manu Raju tweeted that Sen. Shelley Moore Capito (R-W.Va.) said that the recent congressional…
A single paragraph buried deep in a spending bill that passed the GOP-controlled House of Representatives earlier this month is causing growing concern among democracy watchdogs who warn the provision will make it so only the well-to-do would be in a good position to launch legal challenges against…
permalink / 15 stories from sources in 41 hours ago #fiscal-policy #politics #congress
President Trump's domestic policy legislation, dubbed the "big beautiful bill," is advancing efforts to dismantle key elements of the Affordable Care Act. The move has elicited a spectrum of reactions—from sharp criticism by figures like Elon Musk to the launch of a White House savings calculator—fueling a fierce, bipartisan debate on healthcare reform. More...
High-ranking lawmakers have exchanged sharp barbs over President Trump’s divisive budget bill. A House Budget Chair dismissed Elon Musk’s scathing remarks, while a GOP senator doubted the bill’s feasibility—warning that only a “miracle” could secure its passage. Their differing takes reveal deep fissures in an already turbulent legislative battle. More...
Elon Musk has repeatedly lambasted President Trump’s signature budget proposal as a “disgusting abomination,” with his candor and acidic tone stirring up a political kerfuffle. His dismissive comments underscore a widening rift over fiscal policy as he spares no sentiment in his critique. More...
Elon Musk unleashed a blistering critique of President Trump’s sweeping spending package, denouncing it as a “disgusting abomination.” His remarks have ignited a political firestorm, with lawmakers divided as defenders of the bill clash with critics over fiscal priorities and government spending. More...
In a volley of sharp social media barbs, President Trump lashed out at Senator Rand Paul and other dissenting voices within his own party, decrying their opposition to his bold budget bill. His pointed remarks add fuel to an already smoldering partisan fire over fiscal priorities. More...
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