What will no taxes on tips cost in foregone tax revenue?
The Senate passed the No Tax on Tips Act, a key element of President Donald Trump's tax cut plan, with bipartisan support despite concerns over its $10 billion annual price tag.
National Debt Tracker: American taxpayers (you) are now on the hook for $36,214,475,432,210.84 as of 5/21/25
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.
Commerce Secretary Lutnick details rollout plan for Trump's Gold Card immigration program
Commerce Secretary Howard Lutnick said a new registration website for President Trump's Gold Card, a $5 million visa for wealthy foreigners seeking U.S. citizenship, will launch soon.
Federal Reserve governor warns US deficit 'not sustainable' as Treasury bond demand weakens
Federal Reserve Governor Christopher Waller said markets are demanding higher Treasury yields due to concerns about tax cuts widening the federal budget deficit.
Homebuyers see silver lining in a potential recession, viewing it as buying opportunity
Most American homebuyers are anticipating a recession in the next year, though more view that as a buying opportunity than a deterrent to purchase, Realtor.com found.
How much will Trump's 'Golden Dome' missile defense system cost?
President Trump unveiled his plans for the Golden Dome missile defense system and said he plans to have the $175 billion system operational by the end of his term.
Larger tax-cut proposal not enough to offset drag on growth from tariffs: Goldman Sachs
A new report by Goldman Sachs finds that while larger tax cuts will yield a bigger growth boost, the drag on economic growth from tariffs will offset that gain.
Trump on Medicaid: 'We're not touching anything'
President Trump met with congressional Republicans on Capitol Hill and said that their tax cut bill's Medicaid changes are focused on cutting fraud, waste and abuse.
Dimon slams mortgage regulations for pushing rates higher, hurting lower-income homebuyers
JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.