President Donald Trump signed his landmark tax and spending cuts bill into law on July 4, notching the first major legislative achievement of his second term.

By Sarah Anderson and Lindsay Koshgarian The GOP’s “One Big Beautiful Bill,” which narrowly passed Congress and was recently signed by President Trump, represents the largest transfer of wealth ...

As part of Trump’s tax-and-spend bill, Republicans extended the debt limit by $5 trillion, leaving some wondering if the policy of setting any limit is outdated.