Republican tax hawks are worried that key Trump administration tax policies could expire at the end of 2025 if congressional leaders follow through on a plan to break up a massive conservative budget bill into two parts. Reconciliation is a way to fast-track legislation on issues like taxes, the debt limit and federal spending by bypassing the Senate’s 60-vote threshold for passage, instead lowering it to a simple...

President Biden’s decision to pardon his son Hunter after previously vowing he would not give his son a pass has the approval of only 20% of Americans, according to a new poll released Wednesday. The Associated Press-NORC Center for Public Affairs Research poll found about half of adults disapprove of the pardon, which came after Hunter was convicted on felony gun and tax charges.  About 18% of adults...

Outgoing Treasury Sec. Janet Yellen said that she’s “concerned about fiscal sustainability” and thinks the deficit must be decreased. She made the comments during the Wall Street Journal’s CEO Council Summit after Greg Ip, chief economic commentator for the outlet, noted that President Joe Biden and Yellen are leaving behind a big budget deficit. “Are you sorry you couldn’t make more progress on that?” he asked. Ip also...