House Republicans were jubilant after muscling through President Donald Trump’s “big, beautiful” tax and immigration package by a single vote. But across the Capitol, senators were more cautious. Senate Majority Leader John Thune can afford to lose three Republican senators and still pass the bill,

The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

There’s a stark contrast between the effects on high earners and those on low-income households in a sprawling legislative package House Republicans passed Thursday.

House and Senate leaders are broadly aligned on the tax bill and have been meeting regularly to avoid points of conflict. But Senate Republicans made clear the compromise, a product of frenzied last-minute negotiations, must be negotiated again after it passed the House by a single vote on Thursday.

Catch up on the political news of the past week in the latest At the Races newsletter, including budget reconciliation and the 2026 midterms.

Millions of low-income Americans, including families with children, could lose their food stamp benefits under House Republicans’ newly passed tax and spending cuts package, according to a Congressional Budget Office analysis released Thursday.

Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.