Tobias Burns

Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers work to hash out their priority tax bill.

The outgoing chair of the Senate Banking Committee is throwing in the towel on trying to confirm two key Biden administration appointees with just days before the upper chamber is set to leave for …

The outgoing chair of the Senate Banking Committee is throwing in the towel on trying to confirm two key Biden administration appointees with just days before the upper chamber is set to leave for the year.

The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials have be…

The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months.

Democratic senators launched an inquiry Wednesday into Trump’s nominee for IRS commissioner, former Rep. Billy Long (R-Mo.). They want to know how he went about promoting a pandemic-era tax credit,…

Democratic senators launched an inquiry Wednesday into President-elect Trump's nominee for IRS commissioner, former Rep. Billy Long (R-Mo.).

The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months.

Third-quarter gross domestic product (GDP) was revised higher Thursday following a substantially stronger projection for U.S. economic performance released Wednesday by the Federal Reserve. GDP gro…

Third-quarter gross domestic product (GDP) was revised higher Thursday following a substantially stronger projection for U.S. economic performance released Wednesday by the Federal Reserve.