U.S. Senate Republicans passed President Donald Trump’s big tax breaks and spending cuts bill today by the narrowest of margins, pushing past opposition from Democrats and some in their own party after a turbulent overnight session.
The federal government recorded a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years. The Treasury Department reports that in the first 10 months of this budget year, the deficit totaled $684 billion, up 20.8 percent from the same period last year. Revenues…
President Donald Trump says Republicans are “very, very close to a historic legislative victory” on taxes. Trump says Wednesday that a deal is “very, very close.” He added that it is “very important” to vote on the legislation next week. House and Senate GOP leaders have forged an agreement on an overhaul of the nation’s tax laws. It paves the…
