President Trump ended the second government shutdown of his tenure early Friday morning, signing a sweeping spending bill hours after Congress backed the bipartisan budget deal that stands to add hundreds of billions of dollars in federal spending on the military, domestic programs and disaster relief.
by Erica Werner, Damian Paletta, Mike DeBonis | The Washington Post
A showdown in Washington over government spending kicked off Wednesday with a high-level gathering between congressional leaders and the White House that previewed the broader fight likely to consume Washington for much of January.
A jumble of changes are coming to the tax code, with many of them set to begin on New Year's Day — Monday. The bill makes cuts and adds exemptions to individual, corporate and international taxes, but only a few are permanent.
What a week! Congressional Republicans passed a historic tax plan as both parties race to avoid a government shutdown.
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House and Senate Republicans have reached a tax reform compromise, combining the House and Senate bills that would cut taxes by more than $1.4 trillion over a decade. Democrats claim the new version is even more slanted towards the wealthy.
Passing the tax bill would give the administration and the Republican-controlled Congress its first big legislative achievement of the year. “A lot of jobs and a lot of money will be created,” President Trump said in a speech at the White House Wednesday.