The tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT)

The Energy and Commerce, Ways and Means, and Agriculture committees will hammer out details on Medicaid and nutritional assistance spending and tax cuts.

Thanks to the Department of Government Efficiency and new tariff revenue, deficit spending dropped by 92 percent during President Donald Trump's first approximately 100 days in office, compared to the same period last year under then-President Joe Biden.

A three-judge panel of the U.S. Court of International Trade holds the first hearing on the challenges Tuesday morning in New York. Five small businesses are asking the court to block the sweeping import taxes that Trump announced April 2 – “Liberation Day,’’ he called it.

On the eve of his budget presentation, Gov. Gavin Newsom sought to blame President Trump's tariff policy for reducing California state revenues.

President Donald Trump's sweeping tariffs are an "unprecedented and unlawful expansion" of executive power, a lawyer for a group of small businesses told a federal court Tuesday morning. The hearing at the Court of International Trade in Manhattan marks the first time a federal court has taken up the question of whether Trump's "Liberation Day" tariffs are legal.

The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.

U.S. tariff revenue hit a record $16.3 billion in April, easing the budget deficit rate as President Donald Trump's sweeping tariffs took hold.