U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
I.R.S. Commissioner to Quit as Trump Takes Office
Daniel Werfel, the commissioner of the Internal Revenue Service, told the agency’s employees that he would end his term early ...
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...
IRS' free Direct File program expands to 25 states — but still faces Republican scrutiny
Direct File, the IRS’ free tax filing program, has expanded to 25 states for 2025. But the program’s future remains uncertain ...
Treasury nominee attends hearing
U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policies, ...
Trump's Treasury pick Bessent defended tariffs. But 'jitters' remain for markets.
Follow along with MarketWatch's live coverage of the Senate confirmation hearing for Scott Bessent, President-elect Donald ...
Why salty blue-state House Republicans are vital to saving Trump’s tax cuts
In the horse-trading to preserve Trump’s tax cuts, some House Republicans seek a SALT cap increase. Right now, the House has ...
House Republican introduces bill to redirect funds employing IRS auditors to instead hire more border agents
N.Y., introduced a bill to reallocate funds from Internal Revenue Service (IRS) enforcement to hiring U.S. Customs and Border ...
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Freedom Caucus presents Trump with budget overhaul detailed proposal
Republican lawmakers are hammering out the best way to implement a massive conservative policy overhaul in the upcoming Trump administration. Congressional Republicans seek to use the budget […] ...
Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
Scott Bessent defended President-elect Donald Trump's economic policies in front of the Senate Finance Committee during his ...