Congress has cleared the first major hurdle in their efforts to pass a sweeping party-line bill to enact President Donald Trump's agenda. Now the work begins. The resolution approved Thursday in the GOP-controlled House of Representatives outlines how much lawmakers can spend and how much they must cut spending in the final package.

Speaker Mike Johnson flashed a grin as he chided reporters in the Capitol this morning: “I told you not to doubt us.” Moments earlier, the House had approved a budget proposal that could allow Republicans to pass the president’s “one big beautiful bill”—a boost for not only Donald Trump’s legislative agenda but also Johnson’s job security.

The US House of Representatives has passed a budget bill that includes massive cuts to taxes and government spending on Thursday despite opposition from Democrats and Republican hard-liners. The spending plan is a key plank in Donald Trump's legislative agenda and he has called it a "big,

Americans haven't been so pessimistic about the economy since inflation first spiked under President Joe Biden.

Reporters in the US and Europe have been looking at the mayhem triggered by Donald Trump’s tariffs on corporate debt. We also have news on UK insolvencies,

Yet the key factor was surely the precipitous slide in the markets — above all the mighty US government bond market. White House officials’ brazen assertions that Trump ’s retreat was all part of a grand negotiating strategy were belied by his admissions about people “getting yippy”.