Concerns about inflation have been pegged as a major catalyst for big swings in longer Treasury yields in recent months. The 10-year Treasury yield hit a peak of 4.8% recently, but has since eased back to about 4.
Some lawmakers want to see the cap on deductions for state and local taxes or the child tax credit indexed or at least adjusted for inflation.
President Biden pointed a finger at Republican states, saying inflation soared under his watch because the leaders there bungled the economy.
The rise in bond yields at a time when the central bank is lowering interest rates could test the economy, the markets and Donald Trump’s agenda.
President Trump’s blizzard of executive orders during the first few days of his presidency has sent Republican lawmakers scrambling to make sense of what impact they’ll have on the country, and some GOP senators are already raising questions and concerns.
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
American consumers are once again worried about inflation, the issue that may have cost former President Joe Biden the 2024 election, as President Donald Trump ’s administration advances its economic agenda, according to the latest consumer sentiment reading from the University of Michigan.
Rep. Nicole Malliotakis believes Democrats should help House Republicans wrangle through an increase in the state and local tax deduction (SALT) and faults them for causing the issue in the first
Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax cuts Donald Trump promised, complicating the path to passage with the party’s already tenuous majority.
Vermont leaders in Washington are urging the Trump administration not to roll back efforts that make medications less expensive.
Climate advocates are highlighting House Republicans whose districts are benefiting from the Democrats' climate law.
New York Republican leaders hope Donald Trump’s second term boosts their chances in the 2026 gubernatorial race. GOP chair Ed Cox believes Trump’s focus on border security, tax reform, and inflation could build momentum, especially if he delivers on promises like lifting the SALT cap and opposing congestion pricing.