House and Senate leaders are broadly aligned on the tax bill and have been meeting regularly to avoid points of conflict. But Senate Republicans made clear the compromise, a product of frenzied last-minute negotiations, must be negotiated again after it passed the House by a single vote on Thursday.

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

President Trump’s “big beautiful bill,” featuring tax cuts and increased spending, has rattled bond markets due to fears it will sharply increase U.S. national debt. Wall Street analysts are now questioning America’s status as a financial safe haven.

Donald Trump's self-described "big, beautiful" tax bill has officially passed the House of Representatives and is now headed to the Senate.

Congressman Ryan Mackenzie joined the vast majority of House Republicans in voting in favor of President Trump’s multitrillion-dollar tax breaks package early Thursday morning, which now

GOP leaders worked late into the night to convince skeptical Republicans who have problems on several fronts, including worries that it will pile onto the nation's $36-trillion debt.

A larger tax cut still will not offset the drag on the U.S. economy caused by tariffs, according to Goldman Sachs' Alec Phillips.

The White House Council of Economic Advisers has released new taxpayer savings projections for President Donald Trump's "big, beautiful bill."