Katy Stech Ferek

2 weeks ago | wsj.com | Katy Stech Ferek |Kristina Peterson |Jasmine Li

GOP’s efforts to offset tax cuts hit recipients of food aid, Medicaid users, college borrowers, EV driversHouse Republicans narrowly passed legislation that would extend President Trump’s tax cuts for most Americans and create new breaks while cementing other conservative priorities. To help offset some of the costs of the president’s agenda, the package also included spending cuts.

2 weeks ago | wsj.com | Katy Stech Ferek |Olivia Beavers |Jasmine Li

Blue-state House Republicans reach deal on SALT deduction but fiscal hawks are still seeking cutsWASHINGTON—House Republicans struggled to lock down enough votes to pass President Trump’s “big beautiful bill” on Wednesday, as leaders raced to find the right combination of spending and tax changes to please warring wings of the party. Passage would mark a major win for Trump and a step toward extending his 2017 tax cuts and cementing other conservative priorities.

2 weeks ago | wsj.com | Gareth Vipers |Katy Stech Ferek

Democratic Rep. Gerry Connolly of Virginia has died at the age of 75. Connolly, who was diagnosed with esophageal cancer in November, died at his home in Fairfax, Va., on Wednesday morning surrounded by family, according to a statement. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Subscribe NowAlready a subscriber? Sign In Rep. Gerry Connolly was a powerful figure in northern Virginia politics for decades. ANNA Moneymaker/Getty Images

3 weeks ago | wsj.com | Katy Stech Ferek

While big-ticket items like Medicaid draw spotlight, lawmakers also explore other ways to raise revenue, cut costsWASHINGTON—In pulling together President Trump’s “big, beautiful bill,” every little bit helps. House Republican committees mixing the ingredients for the tax-and-spending policy megabill are focusing on ending green-energy tax credits and trimming Medicaid to find hundreds of billions in cost cuts, to help offset the extension of expiring 2017 tax cuts and further tax relief.

1 month ago | wsj.com | Jasmine Li |Lindsay Wise |Katy Stech Ferek

Democrats say their concerns center on Trump’s comments and actions Wednesday, even as they have produced no evidence of illicit trading. That morning, shortly after the market opened, Trump posted on X: “BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!” A few minutes later, he wrote: “THIS IS A GREAT TIME TO BUY!!! DJT”Hours later, he announced a pause in some tariffs, igniting the Wall Street rally.