The Latest Breaking News from CBO

WASHINGTON — Look out, warn the Republicans. The Internal Revenue Service is about to unleash an army of agents eager to audit you and cost you a lot of money and aggravation.

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

With inflation raging near its highest level in four decades, Congress is poised to approve President Joe Biden’s signature Inflation Reduction Act

The House on Friday cleared a climate, health and tax package salvaging key parts of Democrats’ domestic agenda.

The Schumer-Manchin tax bill passed the Senate as part of the Inflation Reduction Act on Sunday. According to legislative documents, the bill will raise taxes and boost the IRS by an estimated $80 billion.

WASHINGTON — After a year of negotiations, impasses and political maneuvering, the Senate passed Democrats’ top domestic priority: an economic package that would pump hundreds of billions of dollars into clean energy programs, raise taxes on corporations and lower health care costs.

After a year of negotiations, impasses and political maneuvering, the Senate passed Democrats' top domestic priority.

The Senate voted to begin considering Democrats’ climate, tax and health package on a party-line vote Saturday.

Wealthy Americans dodged getting hit by tax increases in the Democrats’ economic package, but they likely will face a much better-funded Internal Revenue Service equipped with new auditors and technology to uncover tax avoidance.

WASHINGTON — The Senate is expected to begin consideration of Democrats’ climate, tax and health care package on Saturday, leaving about two days for the party to shore up support for the bill.

Legislation expanding health care and disability benefits for millions of veterans is nearing passage in Congress