In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
The 'One Big, Beautiful Bill Act' promises sweeping changes, impacting millions of Americans through Medicaid cuts, SNAP eligibility tightening, and tax reforms. Discover what this megabill could mean for your finances.
In a dramatic turn of events, Trump's much-anticipated budget bill faces a significant setback as five Republican lawmakers reject it, demanding deeper cuts. The internal GOP conflict raises questions about the bill's future and Trump's domestic agenda.
House Speaker Mike Johnson faces challenges as Republicans struggle to reach agreement on Trump's legislative agenda, risking potential revolts over spending cuts and social safety net benefits.
