The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure. The excise tax would have been imposed on wind and solar energy projects constructed
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank has held off on lowering interest rates this year because of President Trump’s tariffs. Speaking at a gathering of central bankers in Portugal, Powell said “I think that’s right” in response to a moderator’s question about whether the Fed would have cut its
The U.S. House of Representatives convenes for the first sitting of the 119th Congress in Washington on Jan. 3, 2025. Madalina Vasiliu/The Epoch Times Democrats are signaling plans to make the One Big Beautiful Bill Act endorsed by President Donald Trump a central focus of their push to reclaim the House of Representatives in the
The inside of a solar power inverter in Dry Lake Valley, Nev., on June 28, 2021. Ethan Miller/Getty Images Senate Republicans on July 1 revised some energy tax provisions in a sweeping domestic policy bill as part of a compromise reached with Senate holdouts to secure their votes for the package. Republicans removed a proposed
Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill in Washington on June 11, 2025. Madalina Vasiliu/The Epoch Times The United States and India are “very close” to a trade agreement, Treasury Secretary Scott Bessent said on Tuesday. In a July 1 interview with Fox News, he said the
Elon Musk and President Donald Trump listen to questions from reporters in the Oval Office of the White House in Washington on May 30, 2025. Kevin Dietsch/Getty Images Weeks after their initial war of words, Elon Musk again waded into U.S. politics by renewing his criticism of the Republican-backed spending and tax bill. A version
Florida Gov. Ron DeSantis (L), President Donald Trump (C) and Homeland Security Secretary Kristi Noem (R) tour a medical facility during a visit to an illegal immigrant detention center, dubbed “Alligator Alcatraz,” located at the site of the Dade-Collier Training and Transition Airport in Ochopee, Fla. on July 1, 2025. Andrew Caballero-Reynolds / AFP President