Laura Litvan

A series of tentative compromises were worked out on spending caps, the defense budget and IRS funding.

More than anything else, that may prove a decisive element in ending the partisan standoff.

Texas billionaire Harlan Crow declined to detail the extent and tax treatment of luxury gifts he provided to Clarence Thomas.

The vote was 50-46 to end a rule that allows retirement plans to weigh climate change and other environmental, social and governance issues in their investment decisions.

Senate Democrats plan their own political counter-programming to House Republicans' threats of wide-ranging probes, taking on issues like corporate tax avoidance and union-busting.

Chances are dimming that Congress will take up a multibillion-dollar package to renew a cluster of business tax breaks and provide a more generous child tax credit before lawmakers leave Washington for the year.

On taxes, the fate of research and development and private equity tax breaks remain mired in a dispute over expanding the child tax credit.

Businesses are lobbying hard for Congress to pass a package of tax breaks worth about $100 billion before the end of the year.

A minimum corporate tax rate wouldn’t spark higher consumer prices, according to the senator.

He questioned a 3.8% tax on pass-through businesses, under discussion as an offset for Medicare drug provisions.

The West Virginia Democrat told Senate Majority Leader Chuck Schumer he wouldn’t agree to an economic package before an August congressional recess.

A Senate plan to expand taxes on some businesses to bolster Medicare raised alarms about inflation, potentially complicating Democrats’ attempt to pass a broad economic package.

The state and local tax deduction issue threatens to spark a showdown among Democrats as high-stakes Senate talks inch closer to a deal on President Biden’s economic agenda.

A Treasury inspector general will review why two former FBI officials who ran afoul of former President Donald Trump were subjected to rare and detailed tax audits.

Sen. Joe Manchin said Tuesday he’s not in talks with the White House or top Democrats on reviving President Biden’s $2 trillion tax and social spending agenda.

One key holdout — Senator Joe Manchin — said he’s skeptical he can vote for a bill that includes major economic changes.

The goal is increasingly challenged by competing priorities that include raising the debt ceiling and the divisions in the party over the massive tax and spending plan.

Despite a host of issues, they aim to vote this week on the roughly $2 trillion tax and spending bill.

Congressional Democrats floated fresh proposals on how to increase the federal deduction on state and local taxes, but House and Senate lawmakers were at odds over whether the very rich should be allowed to take the tax break.

The outline of the tax and spending bill provided a breakthrough after a long standoff between moderate senators and progressive Democrats.