A new Republican-backed bill, extending 2017 tax cuts, sparks debate over its potential impact on the federal deficit. While the Trump administration claims it won't increase the deficit, experts express skepticism.

The House narrowly passed Trump’s tax plan by one vote, exposing GOP rifts over the contentious SALT deduction cap, especially among lawmakers from high-tax states.

President Trump yesterday declared himself the biggest "fiscal hawk" in Washington. He then spent the next hour urging Republicans to unite behind the most budget-busting legislation in modern U.S. history.

An internal House Republican memo shared with Fox News Digital highlights the key Republican accomplishments included in President Donald Trump's "big, beautiful bill," which clocks in at 1,118 pages.

President Trump’s ‘big beautiful spending’ bill is giving investors pause as bond yields move higher over debt and deficit concerns. The 10-year Treasury yield topped 4.5% creating headwinds for U.S.

President Trump’s tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high amid growing worries over U.S. debt.

In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan. On Wednesday, they drove yields on benchmark 30-year Treasuries to as high as 5.1%, leaving them just shy of a two-decade high and sparking declines in stocks and the dollar,