The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap be lifted as part of reconciliation.

President Donald Trump urged House Republicans to stop negotiating and pass his sweeping filibuster-proof reconciliation bill Tuesday.

The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.

U.S. stock index futures slipped and Treasury yields surged on Wednesday amid growing fiscal anxiety as investors focused on discussions around U.S. President Donald Trump's tax-cut bill that has been plagued by Republican infighting.

President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.

Updates and the latest news as Trump addresses House Republicans about the reconciliation bill and RFK Jr. testifies to Congress about DOGE cuts and his vaccine views.

GOP governors unite to support Trump's "one big, beautiful bill," aiming to advance his agenda on tax cuts and energy. The bill's passage remains uncertain.

The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.