Eric Revell

Republicans in Congress passed President Donald Trump's One Big Beautiful Bill Act, which extends a variety of tax cuts for Americans and businesses while creating new provisions.

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

Analysis shows Trump's tax bill would reduce federal tax burdens for all income levels, making TCJA's lower rates permanent while adding temporary deductions for tips and overtime.

The Labor Department released its jobs report for June which showed U.S. employers added 147,000 jobs last month as the labor market weathered economic uncertainty.

A new report shows President Donald Trump's tariffs are affecting consumers' online shopping behavior, with 34% delaying purchases and 28% buying earlier to avoid costs.

An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund depletion, potentially triggering benefit cuts in 2032.

A CRFB analysis shows the Senate's tax bill could raise national debt to 126% of GDP by 2034, with deficits potentially projected to rise by $4 trillion according to the report.

Fed Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the central bank would have likely reduced rates this year if not for potential consumer price hikes.

The Pell Grant program for low-income students faces a nearly $10 billion shortfall, as Republicans propose funding solutions and eligibility changes in education programs.