Biden Administration

Senate Democrats have reached a deal to extend the solvency of Medicare by closing a tax loophole frequently used by law firms and other partnerships.

The Senate GOP leader said he will block bipartisan legislation to boost U.S. competition with China.

Senate Democrats are working on shrinking the tax increases in the president's economic package as part of a bid to get it passed in the coming weeks.

Suspending the federal gasoline tax may sound like welcome relief, but experts warn it could bring mixed results — or even higher gas prices in the end.

The senator's opposition to giving clean-energy developers direct payments may significantly reduce the tax credits they could get from Democrats’ reconciliation package.

Suspending the federal gasoline tax would be a largely symbolic move by an embattled president running out of options to ease pump prices weighing on Democrats’ political prospects.

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor as they seek to wrap up negotiations on a spending deal.

The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.

Effective June 7, isolation of Russia includes sanctions prohibiting U.S. accounting firms — even U.S. firms operating from offices overseas — from providing a variety of services to Russian individuals and entities.

Kimberly Clausing pushed to increase taxes on corporations and wealthy Americans, including upping the domestic corporate rate to 28%.