Trump, budget bill
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The Senate passed Trump’s so-called “big, beautiful bill” after a 26-hour marathon of negotiations during which Alaska Senator Lisa Murkowski, as she put it later, “struggled mightily” to soften the biggest funding blows to her state before ultimately casting a vote that guaranteed its passage.
The "big, beautiful bill" signed into law by President Trump last week will allow him to dramatically expand his immigration crackdown.
Congressional Republicans must navigate rescissions bill, government funding and investigations into former President Joe Biden's cognitive state following President Donald Trump's signature legislation.
The GOP measure includes tax cuts and spending reductions, as well as immigration enforcement funding.
The tax code is becoming charitable to many more donors thanks to changes in the new tax and spending law. That’s going to help nonprofit organizations that rely on donations, and also everyday Americans who are navigating new tax-code complexities within the One Big Beautiful Bill Act that President Donald Trump signed into law on July 4.
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New tax provisions could help startups get acquired faster and bring bigger tax-free gains to investors.
The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.