Congress

President Biden's push to nearly double the tax rate paid by wealthy investors when they sell stocks and other assets could actually cause federal revenue to drastically decline over the next decade, according to a new analysis published Friday.

A key Democrat is renewing his push for President Biden to repeal a Trump-era limit on state and local tax deductions in his $2.25 trillion tax and spending plan.

For years, Democrats have railed against anonymous campaign contributions as a uniquely corrupting political force — even as they benefited from a record-shattering amount of "dark money" donations during the 2020 election.

Republicans are demanding answers on Thursday after it was reported that the Postal Service’s elite police unit combs through Americans’ social media accounts for alarming posts.

Senate Republicans are pushing a return to fiscal austerity under President Biden, adopting a new internal party rule that requires dollar-for-dollar spending cuts in order to raise the debt ceiling.

A group of 45 House Republicans on Thursday is sending a letter to President Biden asking him to halt the implementation of a provision in the coronavirus stimulus bill that bars states from paying for tax cuts with the money they get through the law.

The IRS sent out a sixth batch of stimulus checks this week, delivering payments to another 2 million Americans as part of President Biden's $1.9 trillion American Rescue Plan.

A group of moderate Senate Republicans on Thursday unveiled a scaled-back infrastructure proposal, a counteroffer to the massive $2.3 trillion tax and spending plan introduced by President Biden earlier this month.

A bipartisan group of senators unveiled a proposal this week to allow the nation's smallest businesses to receive additional aid through the Paycheck Protection Program, a key coronavirus rescue fund that's poised to expire at the end of May.

Federal Reserve Chairman Jerome Powell said that inflation could temporarily rise as the U.S. economy recovers from the coronavirus pandemic, but said policymakers are committed to preventing a "substantial" overshoot.