The House votes in favor of "big beautiful bill." If bill passes Senate, some will see tax cuts and millions could lose Medicaid coverage.

Investors are fearing that projections for the U.S. debt mountain could increase further when a sweeping tax and spending bill goes through the Senate, with the risk that bond yields stay higher for longer.

The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over Trump’s plan to pay for tax cuts with an estimated $3.8 trillion in new debt. “Trump and Republicans are directly responsible for the spike in the 30-year Treasury bond yield and mortgage rates,

The measure, passed by the House, would roll back incentives for people to buy electric vehicles and for automakers to make them in the U.S.

Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.

U.S. stock index futures were muted on Friday as investors were risk-averse after President Donald Trump's tax and spending bill won a crucial House vote the previous day, raising concerns about the country's deteriorating fiscal outlook.

The carried interest loophole refers to a provision in the U.S. tax code that allows investment fund managers, like private equity executives, to pay a lower tax rate than normal,

On the campaign trail, President Donald Trump sought to win over working-class voters in key swing states with a promise to exempt tips and overtime pay from federal income taxes.