What will no taxes on tips cost in foregone tax revenue?
The Senate passed the No Tax on Tips Act, a key element of President Donald Trump's tax cut plan, with bipartisan support despite concerns over its $10 billion annual price tag.
House GOP's 'big, beautiful bill' includes billions in cuts to food stamps, shifts more costs to states
The "big, beautiful bill" passed by House Republicans includes hundreds of billions in cuts to SNAP, more stringent work requirements and more costs to states.
Federal Reserve governor warns US deficit 'not sustainable' as Treasury bond demand weakens
Federal Reserve Governor Christopher Waller said markets are demanding higher Treasury yields due to concerns about tax cuts widening the federal budget deficit.
Social Security recipients given a 'tremendous opportunity' from budget bill 'senior bonus': Commissioner Bisignano
U.S. Social Security Administration Commissioner Frank Bisignano discusses the potential opportunities for fraud in the program, an incentive in the 'big, beautiful bill' for recipients and efforts to avoid potential insolvency.
Larger tax-cut proposal not enough to offset drag on growth from tariffs: Goldman Sachs
A new report by Goldman Sachs finds that while larger tax cuts will yield a bigger growth boost, the drag on economic growth from tariffs will offset that gain.
Rep. Chip Roy: Congress needs to 'step to the plate' on addressing what is 'ramping up deficit'
House Budget Committee member Rep. Chip Roy, R-Texas, lays out his problems with parts of President Donald Trump's 'big, beautiful bill' on 'The Bottom Line.'
Moody's downgraded US credit rating: What does that mean?
Moody's downgrade of the U.S. credit rating made it the third of the three major ratings agencies to downgrade U.S. credit since 2011 amid widening budget deficits.
Charles Payne: The media's 'sell America' narrative is in overdrive
'Making Money' host Charles Payne criticizes the financial media's 'anti-American messaging' and pessimistic view of the U.S. economy.
Trump tax cuts are good, but the cost is another thing: Rep. Ralph Norman
Rep. Ralph Norman, R-S.C., discusses what President Donald Trump's tax bill accomplishes on 'Making Money.'
Treasury Secretary Bessent dismisses Moody's US credit downgrade as 'lagging indicator'
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
Moody's downgrades US credit rating over rising debt
Moody's Ratings downgraded the U.S. credit rating by one notch, from a pristine Aaa to Aa1, citing persistent and rising government debt as causing the move.
Pfizer faces accusations over timing of COVID vaccine results
Rep. Russell Fry, R-S.C., discusses the House probe into Pfizer’s release of COVID vaccine results and more on ‘Varney & Co.’
Social Security benefit payments fall later in May
The first monthly batch of Social Security benefits are paid later this May than in any other month this year due to a quirk in the 2025 calendar.
Trump's tax bill mission is to decrease the velocity of spending: Rep. Byron Donald
Rep. Byron Donald, R-Fla., analyzes President Donald Trump's proposed tax legislation on 'Varney & Co.'
Record $16B tariff inflow helped ease the US budget deficit rate
U.S. tariff revenue hit a record $16.3 billion in April, easing the budget deficit rate as President Donald Trump's sweeping tariffs took hold.
Lawmaker warns House GOP will lose seats if SALT isn't done right: 'That is a fact of life'
Rep. Michael Rulli, R-Ohio, weighs in on the debate over raising the SALT cap, the House Energy and Commerce Committee marking up their portion of the reconciliation bill, and how Ohio steel mills are benefiting from tariffs.
GOP lawmaker warns the US deficit is at 'critical level,' cannot afford to be raised
Rep. Andy Harris, R-Md., explains why he still supports the millionaire tax bracket idea and weighs in on the debate over the SALT cap.
Trump's UK trade deal is the 'first of many' wins for the US, congressman says
Rep. Dan Meuser, R-Pa., discusses whether President Donald Trump's trade agreement with the United Kingdom will help him pass his tax cuts on 'Varney & Co.'
GOP lawmaker highlights 'historic opportunity' to change US trajectory with budget reconciliation
Rep. Andy Ogles, R-Tenn., on Republicans calling for a 'fiscally responsible' budget reconciliation bill, his upcoming visit to the El Salvador CECOT prison and ICE ramping up activity in Nashville.
Trump's economy could be gearing up for a 'big, big boom,' economist says
Former Trump economic advisor Stephen Moore discusses the risk of recession and whether President Donald Trump's tariffs will be permanent on 'Varney & Co.'