A group of centrist senators has struck an immigration deal, and the Trump administration wants desperately to kill it.
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A provision in the new GOP tax law would allow hedge fund managers to dodge a longer waiting period to claim the carried interest provision.
Treasury Secretary Steven Mnuchin said Wednesday that the Internal Revenue Service will attempt to offer guidance to close the loophole.
The provision is another example of the mad dash by the federal government to try and implement the massive overhaul to the tax code.
Hedge funds are swarming to take advantage of a loophole in the new tax law, but the Trump administration is attempting to close the loophole.
The Republican-led law imposes changes to...
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The Senate's party leaders traded blame as they moved toward possible showdown votes on rival measures that would help young "Dreamer" immigrants and bolster border security. The Trump administration savaged...
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Colorado's Republican U.S. senator says there's been enough progress on negotiations over marijuana with the Trump administration that he will stop blocking nominees for some jobs in the Justice Department....
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The Senate is poised to vote on at least four proposals - all of which look doomed to fail.
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A group of senators reached a bipartisan agreement Wednesday aimed at balancing Democrats' fight to offer citizenship to young "Dreamer" immigrants with President Donald Trump's demands for billions to build his coveted border wall with Mexico.
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The Trump administration blasted a bipartisan immigration proposal as an “egregious violation” of the president's principles for a deal, hours before the Senate will weigh multiple plans aimed at addressing the fate of 1.8 million immigrants brought to the U.S. illegally as children.
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The Trump administration is denouncing an immigration deal in the Senate, saying it will "create a mass amnesty for over 10 million illegal aliens, including criminals."
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The investigation began when the girl went missing and her family received threatening text messages about the child's whereabouts. Read more ...
Port director David Gonzalez called intercepting the drug-infested fruit an "outstanding interception." Read more ...
Photographers in Yosemite National Park encountered the natural phenomenon known as "firefall" where lava appears to be flowing over a cliff at sunset. Read more ...
Russian President Vladimir Putin in a speech on Wednesday vowed to aim missiles at Europe and the United States if President Donald Trump deploys missiles closer to Russia, in... Read more ...
The Duchess of Sussex returns to New York City for the first time since her wedding for a few days of rest, shopping and good food with some of her closest friends. Read more ...
A defense attorney argued the woman suffered from postpartum depression and self-medicated, but she had no desire to harm her son. Read more ...
"I went up and talked to him and he kept running his mouth. If he was talking to me like that, imagine how he was talking to her," the father asked. Read more ...
Attention, new parents! Car seats, sippy cups, pacifiers, diaper bags and more - that's a lot of things to get when you are welcoming a new member to your family. Read more ...
When San Diego overhauled its roster in 2015, it didn't work out. This attempt to be improve could bring more rewarding results. Read more ...
Three Conservative members of Parliament - all outspoken opponents of Brexit - have quit the party to join a new centrist group. Anna Soubry, Heidi Allen and Sarah Wollaston... Read more ...