The U.S. and China have agreed to sharply reduce their aggressive tariffs for 90 days as they seek ways to defuse the burgeoning trade war sparked by President Donald Trump. Following negotiations ...

House Republicans on Monday released a multitrillion-dollar tax package that would make permanent many of the provisions in the 2017 tax bill while delivering on some of President Donald Trump's ...

President Trump signed a sweeping executive order on Monday aimed at lowering prescription drug prices and "equalizing" costs here with those in other wealthy nations. "The United States has less ...

Happy Wednesday! The conclave to elect a new pope began today at the Vatican, and the first round of voting resulted in black smoke from the Sistine Chapel chimney, indicating no pontiff was chosen.

Habemus papam! We have a new pope - and for the first time, he is American. Cardinal Robert Francis Prevost, a 69-year-old who grew up in the Chicago area, was elected Thursday and took the name ...

Happy Friday - and a Happy Mother's Day this weekend to all the moms out there. Here's your fiscal update. President Donald Trump said Friday he would be fine with a significant drop in the tariff ...

Treasury Secretary Scott Bessent said Friday that the debt limit may prevent the federal government from meeting all its obligations starting at some point in August. The current debt limit is $36 ...

House Republican leaders had hoped to make significant progress this week resolving lingering internal differences on key elements of their massive budget reconciliation package — plans for ...

President Donald Trump said Friday he would be fine with a significant drop in the tariff he imposed on China but left it to his Treasury chief to work out the details. “80% Tariff on China ...

As Republican lawmakers scramble to find ways to offset the revenue losses from their massive but still unfinished package of tax cuts, President Trump has signaled that he would support raising ...

The Trump-appointed acting administrator of the Federal Emergency Management Agency was fired Thursday, a day after he told congressional lawmakers that the agency was vital and should not be ...

The White House on Friday proposed a fiscal year 2026 budget that would cut spending by $163 billion, with steep reductions to non-defense spending offset by an increase in outlays for defense and ...