House Speaker Mike Johnson said he’s pressuring Senate Republicans to refrain from changing a deal to increase the state and ...

A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the ...

Two weeks after President Donald Trump’s sweeping tax bill passed the House with razor-thin margins, the Senate has begun to ...

The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...

CBO estimates the bill would add $2.4trln to the $36.2trln debt over 10 years, reduce revenues by $3.67trln and cut spending by $1.25trln ...

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...

The GST Council may propose reducing GST slabs from four to three by eliminating the 12% slab, aiming for a revenue-neutral ...

CBO estimates the bill would add $2.4 trillion to the $36.2-trillion debt over 10 years, reduce revenues by $3.67 trillion ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be signed into law by ...

The reconciliation bill passed by the House on May 22 is currently being considered by the Senate and will likely undergo ...