More than an estimated 8 million recipients could lose Medicaid coverage, according to a CBO analysis requested by House Democrats. Republicans say they're targeting able-bodied adults and undocumented immigrants, but other beneficiaries could also be impacted.

The U.S. Senate unanimously passed the "No Tax on Tips Act," a bipartisan bill that would exempt up to $25,000 in cash and non-cash tips from federal income taxes for eligible workers.

The House of Representatives is weighing a Republican-backed plan to make sweeping changes to U.S. fiscal policy. In short, the bill extends the expiring portions of the 2017 tax cut bill and provides a shot of near-term fiscal stimulus in the form of additional,

Republicans advanced a major tax cut and border security package through a House committee, overcoming internal deficit concerns with minor spending cut modifications. The bill faced opposition due to its potential deficit impact and delayed enforcement of new Medicaid work requirements,

The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week.

After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other.

The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.