Program and tax changes in the massive budget reconciliation bill are reshaping states’ short- and long-term fiscal pictures.

WASHINGTON (Reuters) - Having passed President Joe Biden's $1 trillion infrastructure bill with bipartisan support, U.S. Senate Democrats are moving on to the even more ambitious goal of approving ...

As we await the outcome of the upcoming US elections, we know that whoever controls the White House and Congress will confront one of the biggest tax debates in US history in 2025. It is possible that ...

The word “reconciliation” sounds benign, even harmonious. But in Washington, D.C., reconciliation refers to a potent legislative shortcut that allows the party in power to avoid opposition and enact ...

The budget reconciliation process was first used in 1980 to facilitate difficult choices to address deficit and debt levels. Bipartisan concern regarding the finances of the federal government ...

WASHINGTON — Senate Democrats announced on Tuesday that they've reached a deal on a new $3.5 trillion reconciliation package that would cover a laundry list of progressive goals. This price tag, while ...

Washington — President Biden is pushing Congress to act swiftly to address the ongoing coronavirus and put forth a sweeping proposal that would provide assistance to jobless Americans, families and ...

To reconcile or not to reconcile — when it comes to a health overhaul bill, that seems to be the biggest argument of the moment. At issue is a process called budget reconciliation. By writing Obama's ...

House Democrats could start the process in July for a second budget reconciliation bill that could be used to pass infrastructure spending, climate change legislation, health care measures and parts ...

WASHINGTON, Aug 10 (Reuters) - Having passed President Joe Biden's $1 trillion infrastructure bill with bipartisan support, U.S. Senate Democrats are moving on to the even more ambitious goal of ...