If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out over $500,000.

US President Donald Trump’s signature tax bill passed the 435-member House of Representatives on Thursday morning by one vote. The sprawling, multitrillion-dollar package proposed by Republicans, which would (among many other things) slash funding for safety net programs in favor of extending tax cuts,

Speaker Mike Johnson delivered a major win for President Donald Trump early on Thursday morning, uniting a deeply divided House GOP to pass a bill that many of them were still pushing fiercely to change.

While House Republicans and Trump appear to be aligned in their desire to investigate Biden’s fitness to serve, there is some frustration brewing among congressional committees about how quickly the Trump administration is responding to some of their requests, according to multiple GOP congressional sources familiar with the matter.

Investors of clean-power stocks are running for the exits after a massive tax and spending bill that would gut former President Joe Biden’s landmark climate law narrowly passed the House of Representatives.

Before Speaker Mike Johnson could get his first real stretch of sleep in three days, the House GOP’s painstakingly drafted “big, beautiful bill” was running into resistance in the Senate.

Live updates and the latest news as Trump hosts South Africa's president and the House Rules Committee meets on the Republicans' budget bill.