Republicans hate the idea of even a symbolic increase in taxes on the very rich. But Trump keeps bringing it up, only to give ...

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...

The president reportedly reached out to House Speaker Mike Johnson about the idea earlier this week that would raise the tax ...

Senate Majority Leader John Thune (R-S.D.) is making it clear that he’s not a fan of President Trump’s proposal earlier this ...

The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary ...

Punchbowl News reporter Jake Sherman is hearing from members of Congress that President Donald Trump's willingness to raise ...

The so-called "X-date" marks when the government could run out of borrowing power and face an unprecedented default without action from Congress to address the debt limit.

Trump’s ‘big beautiful’ spending bill appears on life support as GOP looks to end some tax relief president created - ...

President Trump flip-flopped again Friday on a controversial tax hike on millionaires as congressional Republicans struggle to reach agreement on a sprawling budget bill.

The development of the highly anticipated Republican tax and spending bill has taken a potentially complicated turn as ...

The president reportedly pressed the House speaker to increase the top income-tax rate but then took to social media to say ...