Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know
Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation hearing.
Tax cuts
Recession or Inflation? Governments around the world must pick their poison
Liz Truss' resignation as Prime Minister is being blamed on a faulty economic plan. But her fate should serve as a warning to other countries that may have to grapple with an inconceivable choice.
The Democratic Push To Tax The Rich More Is 40 Years In The Making
Democrats will try the same budgetary process from four decades ago when first-year President Ronald Reagan used reconciliation to achieve his "revolution" in federal fiscal policy.
From A Napkin To A White House Medal — The Path Of A Controversial Economic Idea
Art Laffer received the Presidential Medal of Freedom Wednesday. For decades, Laffer has promoted the idea that tax cuts pay for themselves, against all evidence to the contrary.
Anger, Confusion Over Dwindling Refunds. Is Trump's Tax Plan To Blame?
Tax refunds so far have been smaller than last year's. Some taxpayers kept a bigger share of their income, but for others it reflects an overhaul that rewarded high earners the most.
Progress Report: President Trump's Campaign Promises, 2 Years Later
At the midpoint of his four-year term, President Trump has delivered on some campaign promises and ignored others, while many are still works in progress.
FACT CHECK: President Trump's False Claims On Migrant Caravan, Tax Cuts
President Trump has been keeping fact-checkers busy with his campaign claims of Middle Eastern migrants and a 10 percent middle-class tax cut.
Federal Deficit Jumps 17 Percent As Tax Cuts Eat Into Government Revenue
The federal deficit ballooned to $779 billion in the fiscal year just ended — a remarkable tide of red ink for a country not mired in recession or war.
Despite Strong Economy, Federal Deficit Soars
Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government's deficit is expected to top $1 trillion next year.
Trump Administration Eyes Capital Gains Tax Cut
The Trump administration is weighing a cut in the capital gains tax. It would save wealthy Americans up to $20 billion a year, but add to the federal government's red ink.