The $40,000 cap would begin in 2025, with the same $500,000 income phaseout, and both figures would rise by 1% annually from ...

The Senate has hauled President Donald Trump’s big bill of tax breaks and spending cuts to passage after a turbulent ...

WASHINGTON (Reuters) -U.S. Senate Republicans passed President Donald Trump's massive tax-and-spending bill on Tuesday by the ...

The measure would raise the cap on state and local tax deductionsto $40,000 from $10,000. In doing so, it would deliver the ...

U.S. stocks are mixed, with the Dow jumping 400 points after Senate narrowly passes tax bill. Tesla shares sink on Trump ...

Lawmakers would eliminate a $7,500 tax credit for households that buy or lease a new EV, and a $4,000 credit for consumers ...

Vice President JD Vance said cuts to Medicaid and budget impacts in the Senate tax bill don't compare to the importance of ...

The Senate stayed up all night to send Trump's "big, beautiful bill" back to the House for final passage. Here's what it looks like.

The "One Big Beautiful Bill Act," which advances Trump’s second-term priorities on tax cuts, energy, and the border, now heads back to the GOP-led House.

Bloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.

The Senate passed the bill Tuesday with Vice President JD Vance casting the tie-breaking vote. Now, it's the House's turn to ...

With last minute concern that Trump’s spending bill would fail in the Senate, Alaska’s Lisa Murkowski voted yes, allowing the ...