Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Bessent Predicts Republicans Reach SALT Truce Within 48 Hours
By Cam KettlesThe state and local tax, or SALT, deduction has vexed Republicans for weeks.
June 23, 2025
Senate Readies Tax Bill for Vote as Holdouts Threaten DelayPresident Donald Trump’s tax-and-spending agenda is nearing a climactic vote in the Senate this week.
June 20, 2025
Debate: Should Key Tax Bill Provisions Be Temporary?Several components of the working drafts in Congress are scheduled to leave the tax code after 2028.
June 20, 2025
Social Security Fairness Act Benefit Hikes to Be Completed by November: SSASome complex cases are taking longer, the agency says; a Social Security advocate blames delays on budget cuts.
June 20, 2025
9 Social Security Bills in Congress NowThe funding shortfall won't likely be addressed soon, but a variety of proposals are on the table.
June 18, 2025
Trump Urges SALT Deal as Lawler Stands Firm on $40,000 Cap“We’re not going to fold here,” the New York congressman says.
June 17, 2025
The Biggest Changes in Senate Tax BillJeff Levine zooms in on itemized deductions and business tax breaks.
June 17, 2025
What’s New in the Senate Version of Trump’s Tax and Spending BillThe Senate Finance Committee's legislation modifies some key breaks, from SALT to the child tax credit.