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WASHINGTON (AP) — The Republican tax bill approved by the U.S. House of Representatives would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,000 annually, according to a new analysis released Thursday by the Congressional Budget Office. Middle-income households would see a boost of roughly $500 to $1,000 per year under Republican President Donald Trump’s tax bill, the CBO found. The cuts to the lowest-income households come from proposed cuts to social safety net programs including Medicaid and a food assistance program for lower-income people, known as Supplemental...

Washington (AP) — After the raucous rainbow-hued festivities of Saturday’s parade, the final day of World Pride 2025 in the nation’s capital kicked off on a more downbeat note.Thousands gathered under grey skies Sunday morning at the Lincoln Memorial for a rally and protest march, as the community gathers its strength for a looming fight under President Donald Trump’s second administration. “This is not just a party,” Ashley Smith, board president of Capital Pride Alliance. “This is a rally for our lives.”Smith acknowledged that international attendance numbers for the bi-annual World Pride were measurably down, with many potential attendees avoiding...

Wall Street veteran Frank Bisignano has been confirmed by the Senate to serve as commissioner of the Social Security Administration.WASHINGTON (AP) — Wall Street veteran Frank Bisignano was confirmed by the Senate on Tuesday to lead the Social Security Administration, taking over at a turbulent time for the agency that provides benefits to more than 70 million Americans. The Senate confirmed Bisignano in a 53-47 vote. Bisignano’s confirmation comes after a months-long series of announcements at the Social Security Administration of mass federal worker layoffs, cuts to programs, office closures and a planned cut to nationwide Social Security phone services,...

WASHINGTON (AP) — Former President Joe Biden returns to the national stage Tuesday to elevate liberal concerns that President Donald Trump's agenda is threatening the health of Social Security. The 82-year-old Democrat has largely avoided speaking publicly since leaving the White House in January, which is typically the tradition for immediate past presidents. That's even as Trump frequently blames Biden for many of the nation's problems, often attacking his predecessor by name. Biden is expected to fight back in an early evening speech to the national conference of Advocates, Counselors and Representatives for the Disabled in Chicago. While Biden has...

Opponents of President Donald Trump and billionaire Elon Musk plan to rally across the U.S. on Saturday to protest the administration's actions on government downsizing, the economy, human rights and other issues. More than 1,200 “Hands Off!” demonstrations have been planned by more than 150 groups, including civil rights organizations, labor unions, LBGTQ+ advocates, veterans and elections activists. The protests are planned for the National Mall in Washington, D.C., state capitols and other locations in all 50 states. Protesters are assailing the Trump administration's moves to fire thousands of federal workers, close Social Security Administration field offices, effectively shutter entire...

Elon Musk’s Department of Government Efficiency is seeking access to troves of sensitive taxpayer data at the IRS, two people familiar with the inner workings of the plan who were not authorized to discuss the matter publicly told The Associated Press on Monday. If successful, Musk and his group would have access to millions of tightly controlled files that include taxpayer information, bank records and other sensitive records. The people who spoke to the AP and requested anonymity said DOGE is specifically seeking to access the IRS’ Integrated Data Retrieval System, which enables employees “to have instantaneous visual access to...

WASHINGTON (AP) — A small business lobbying group filed suit Tuesday to block the Treasury Department’s upcoming requirement that tens of millions of small businesses register with the government as part of an effort to prevent the criminal abuse of anonymous shell companies. The National Small Business Association argues that the new reporting rule violates the U.S. Constitution...

WASHINGTON (AP) — President Joe Biden plans to highlight deficit reduction in remarks Wednesday at the White House, noting that the government will pay down the national debt this quarter for the first time in six years. The Democratic president has placed renewed emphasis on deficit reduction … the burst of $1.9 trillion in coronavirus relief approved in 2021 has already paid off in the form of faster growth that now makes it easier to stabilize government finances. It is unclear if greater fiscal responsibility can deliver politically for Biden as Democrats try to defend control of Congress. His two...