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Erik Wasson

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PRESIDENT DONALD TRUMP has proposed a $4.8 trillion budget for the upcoming fiscal year. / BLOOMBERG NEWS FILE PHOTO

Trump’s $4.8T budget would increase debt, cut safety net

WASHINGTON – President Donald Trump’s $4.8 trillion budget for the upcoming fiscal year proposes billions more in funding for defense and a United States...
THE U.S. SENATE has passed bipartisan legislation to extend the debt limit and allow more government spending until after next year’s election. / BLOOMBERG NEWS FILE PHOTO/ ANDREW HARRER

Senate clears two-year debt, budget plan for Trump’s signature

WASHINGTON – The Senate sent President Donald Trump legislation to extend the debt limit and allow more government spending until after next year’s election...
PRESIDENT DONALD TRUMP announced Friday that a deal has been reached to reopen the government for three weeks. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Trump unveils agreement to reopen government for 3 weeks

NEW YORK - President Donald Trump announced a deal to reopen the government for three weeks, ending a 35-day partial shutdown touched off by...
THE CONGRESSIONAL BUDGET OFFICE has estimated that the United States budget deficit will surpass $1 trillion by 2020. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. budget deficit to balloon to $1 trillion by 2020, CBO...

NEW YORK - The United States budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and...
THE SENATE GOP TAX BILL proposal was released Thursday. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Everything you need to know about the Senate GOP tax proposal

NEW YORK - Senate Republicans released their vision for a tax-cut plan Thursday that would cut the corporate tax rate to 20 percent, with a...
HOUSE TAX WRITERS released the individual tax brackets and rates in the newly proposed tax bill revealed Thursday. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Tax bill’s individual income tax brackets revealed

NEW YORK - House tax writers unveiled what the individual income tax brackets will be under their proposed legislation - with a 39.6 percent rate...
HOUSE REPUBLICANS BEGAN releasing details on a new tax plan Thursday. / BLOOMBERG FILE PHOTO/ANDREW HARRER

House tax bill has major changes for businesses, individuals

NEW YORK - House Republican leaders began rolling out a tax bill Thursday that contains sweeping changes for business and individual tax rates, including a...
SENATORS FROM BOTH political parties have said that a compromise has been reached to secure subsidies to health insurers in the Affordable Care Act insurance markets. / BLOOMBERG FILE PHOTO /KHOLOOD EID

Senators get deal to prop up ACA, keep subsidies Trump cut

NEW YORK - Senators in both political parties say they’ve reached agreement on fixes to stabilize the Affordable Care Act just two weeks before...
THE SENATE GOP has revived its effort to repeal the Affordable Care Act but it running out of time to pass the measure with a simple majority. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Senate GOP has 12 days to repeal ACA and no room...

NEW YORK - Senate Republicans making one last-ditch effort to repeal the Affordable Care Act have the daunting task of assembling 50 votes for...
THE CONGRESSIONAL BUDGET OFFICE projects that President Donald Trump's proposed budget would not balance within ten years, but would still reduce the deficit compared to current deficit projections. /BLOOMBERG FILE PHOTO/JULIA SCHMALZ

CBO finds Trump’s budget doesn’t balance like White House said

NEW YORK - President Donald Trump’s proposed budget wouldn’t balance within 10 years, contrary to the White House’s claim, the nonpartisan Congressional Budget Office...
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