A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers.

Senate Finance Committee unveils its proposed changes to the House-passed version of Trump's "big, beautiful bill," which could put the two chambers on collision course.

Nixing federal income taxes on overtime and tipped income was one of the president's top policy promises during his 2024 election campaign.

The Senate Homeland Security and Governmental Affairs Committee authorizes a $100 million war chest for OMB to reorganize government without congressional oversight.

Pangea Policy Founder Terry Haines joins 'Closing Bell Overtime' to talk what to expect from Capitol Hill's tax bill debates and how it might impact the markets.