The “one big, beautiful bill” has passed the House and is now headed to the Senate. The Washington Examiner spoke with Kevin Brady, former House Ways and Means Committee chairman, about how the $4 trillion reconciliation bill compares to the 2017 Tax Cuts and Jobs Act.

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, beautiful, bill."

The spending bill passed by the U.S. House increases a tax the richest private universities pay on their endowment investment gains, a move proponents say reins in "woke" schools but that critics say will wind up hurting the poorest students the most.

Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.

Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.

The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their worst day in one month.

Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President Donald Trump’s sprawling, multi-trillion-dollar tax and spending package.

The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over Trump’s plan to pay for tax cuts with an estimated $3.8 trillion in new debt. “Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,