ABC News’ Senior Political Correspondent Rachel Scott reports on the impacts of the GOP’s “big, beautiful bill.” ...

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, ...

As the bill made its way through Congress, Musk threatened to form the “America Party” if “this insane spending bill passes.” ...

The president’s sweeping domestic policy achievement extends his expiring 2017 tax cuts, but could cause millions in the U.S.

The legislation extends Trump’s 2017 multitrillion-dollar tax cuts and cuts Medicaid and food stamps by $1.2 trillion. It ...

The "big, beautiful bill" will add trillions to the national debt through tax cuts, and millions of people could lose their ...

The GOP megabill has new tax breaks aimed at low- and moderate-income households, and spending cuts that could make it harder ...

Nonpartisan analysts say the wealthiest Americans would see the biggest benefits from the bill, while lower-income people ...

Senate Majority Leader John Thune says Republicans “got the job done” in passing President Donald Trump’s big bill of tax ...

The legislation now heads to the House for possible final approval, though a handful of Republicans there have already voiced ...