Bonds

Congressional Republicans on Wednesday kicked off debate on House and Senate budget plans that promise slashing cuts to social programs — but whose real purpose is to grease the skids for a sweeping overhaul of the U.S. tax code that would add up to $1.5 trillion to the nation's spiraling debt.

The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. President Donald Trump suggested the island's massive debt load will have to be wiped out due to the devastation caused by Hurricane Maria.

The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. President Donald Trump suggested the island's massive debt load will have to be wiped out due to the devastation caused by Hurricane Maria.

The three major U.S. stock indexes and the Russell 2000 posted record high closes for the second straight day on Tuesday, helped by gains in airlines and as carmakers rose after strong September vehicle sales.

One of the chief architects of the sweeping tax revamp proposed by President Donald Trump and congressional Republicans isn't yet saying whether promised cuts under the plan would be retroactive to the start of the year.

U.S. stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy.

The S&P 500 and the Nasdaq hit record levels on Friday, the last trading day of the quarter, helped by gains in technology and financial stocks.

The S&P 500 and the Nasdaq hit record levels on Friday, the last trading day of the quarter, helped by gains in technology and financial stocks.

The latest on developments in financial markets (All times local): 9:35 a.m.

The latest on developments in financial markets (All times local): 9:35 a.m.

The National Football League’s Oakland Raiders are looking into constructing a brand new $1.3 billion stadium near the Las Vegas strip and, like other NFL franchises have in the past, it is counting on using massive amounts of taxpayer money to do so.

The National Football League’s Oakland Raiders are looking into constructing a brand new $1.3 billion stadium near the Las Vegas strip and, like other NFL franchises have in the past, it is counting on using massive amounts of taxpayer money to do so.

How do you pay for an estimated $5.8 trillion tax cut?

How do you pay for an estimated $5.8 trillion tax cut?

The Latest on the Republican plan to overhaul the tax code (all times local): 9:20 a.m.

The Latest on the Republican plan to overhaul the tax code (all times local): 9:20 a.m.

U.S. stocks are jumping along with bond yields Wednesday morning, and technology companies continue to recover some of their recent losses.

Small business owners, large corporations and the super wealthy could fare well under President Donald Trump's tax plan.

The White House and congressional Republicans are finalizing a tax plan that would slash the corporate rate while likely reducing the levy for the wealthiest Americans, with President Donald Trump ready to roll out the policy proposal at midweek.