Two Republican senators and a broad bipartisan coalition of funders and nonprofits prevented a 600% increase in taxes levied on the endowments of the largest private foundations as part of ...

Both Republican senators voted yes in the early hours of July 17. The legislation returns to the House for approval ahead of ...

WASHINGTON (AP) — The Senate has passed about $9 billion in federal spending cuts requested by President Donald Trump, ...

The Senate has passed Donald Trump’s request to cancel about $9 billion in foreign aid and public broadcasting spending, ...

Although the tax cuts for the wealthy take effect in 2025 and 2026, the deep cuts to safety-net programs that slash $1 trillion from Medicaid over the next decade won’t start causing pain until ...

The federal deduction for state and local taxes (SALT) is back in the spotlight. Senate Republicans unveiled their tax plan Monday, leaving millions of Americans wondering what it means for their ...

The Senate could vote as soon as Wednesday on a so-called rescissions package, significantly impacting public media funding and foreign aid programs.

In this image from video from Senate Television, Vice President JD Vance, seated center, breaks a 50-50 tie to push President Donald Trump’s big tax breaks and spending cuts bill over the top ...

The Senate bill also would speed up elimination of clean energy tax breaks. Businesses benefit from Senate changes that would make permanent a series of breaks that had been offered only temporarily ...

Businesses benefit from Senate changes that would make permanent a series of breaks that had been offered only temporarily in ...

The legislation, centered around extending the expiring 2017 personal tax cuts, also included a suite of Republican priorities and drew unified Democratic opposition.

President Donald Trump’s tax and spending bill has cleared a major hurdle after passing through the US Senate last night (1 July). The ‘big, beautiful’ bill made it through the Senate following a ...