The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.

The House bill also extends the $2,000 Child Tax Credit, which otherwise would revert to its pre-Tax Cuts and Jobs Act level of $1,000 per eligible child starting in 2026.

MICHEL MARTIN, HOST: President Trump's tax and spending bill is headed to the Senate after passing in the House by just one vote. It is estimated the bill will add $3.3 trillion to the national debt.

House Republican tax bill favors the rich — how much they stand to gain, and why. The Congressional Budget Office estimates income for the bottom 10% of households would fall by 2% in 2027 and ...

Including interest, the House bill would boost the nation's debt by $3.1 trillion, according to the Committee for a Responsible Federal Budget, an advocacy group focused on fiscal policy.

House Republicans on Thursday passed a bigger child tax credit as part of President Donald Trump's multi-trillion-dollar spending package. If enacted, the bill would make permanent the maximum ...

House Republicans’ sweeping tax and spending cuts package would add $2.4 trillion to the deficit over the next decade, according to the Congressional Budget Office’s analysis of the bill that ...

While the provision in the House bill would not affect current owners, only future ones, it threatens to have a chilling effect across sports ownership. If demand for teams cools, ...