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Tobias Burns

Tobias Burns

The Hill

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5 obstacles facing the GOP tax agenda

The House voted Tuesday to pass a budget resolution that will act as the blueprint for the GOP’s domestic agenda, with the extension of President...

yesterday 40

The Hill

Tobias Burns

US-China trade rule change hangs in the balance

Questions are swirling about the status of a trade rule that President Trump canceled and then reinstated earlier this month after it proved...

tuesday 10

The Hill

Tobias Burns

IRS lays off 6,700 employees, torpedoing Democratic enforcement boost

The IRS fired 6,700 employees on Thursday, a government official told NewsNation, the sister television network of The Hill. The employees were...

20.02.2025 4

The Hill

Tobias Burns

Top Democrats question IRS on DOGE access to taxpayer data

Top Democrats in Congress want to know what Elon Musk’s Department of Government Efficiency (DOGE) plans to do at the Internal Revenue Service (IRS)...

17.02.2025 3

The Hill

Tobias Burns

Republicans put healthcare cuts front and center to advance agenda

House Republicans are putting cuts to Medicaid at the top of their list of budget cuts to help pay for their wide-ranging agenda that spans tax cuts,...

14.02.2025 90

The Hill

Tobias Burns

Senate Republicans say they won't support tax bill that doesn't make Trump cuts permanent 

Senate Majority Leader John Thune (R-S.D.) and other top Republican senators vowed to only vote for a permanent, rather than temporary, extension of...

13.02.2025 2

The Hill

Tobias Burns

Republicans weigh ending Wall Street’s favorite tax break

Republicans are considering doing away with one of Wall Street’s favorite tax breaks at the encouragement of President Trump, one that has long...

12.02.2025 8

The Hill

Tobias Burns

Tariff hawks eager to see de minimis rule shuttered after Trump pause

President Trump pumped the brakes last week on a pledge to shut down an import tax exemption for cheap consumer goods from China, his latest...

11.02.2025 10

The Hill

Tobias Burns

Democrats call stop work order at CFPB 'illegal'

Democrats are calling on Treasury Secretary Scott Bessent to cancel his stop work order for the Consumer Financial Protection Bureau (CFPB) after...

08.02.2025 50

The Hill

Tobias Burns

DOGE staffer who accessed Treasury Department payment systems resigns after racist posts exposed

An Elon Musk deputy who accessed sensitive Treasury Department payment systems has resigned after social media posts of his came to light that...

07.02.2025 750

The Hill

Tobias Burns

Bessent on Powell: 'I’m sure he’s going to do the right thing'

Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve's interest rate policies and expressed confidence in...

07.02.2025 3

The Hill

Tobias Burns

Republicans stare down massive deficits to extend Trump tax cuts

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative agenda as...

05.02.2025 40

The Hill

Tobias Burns

Treasury: DOGE will have 'read-only' access to federal payment systems

After people working for Elon Musk's Department of Government Efficiency (DOGE) reportedly sought to gain access to a sensitive federal payment...

05.02.2025 100

The Hill

Tobias Burns

Trump tariffs on Canada, Mexico: 5 things to know

President Trump signed orders this weekend imposing 25 percent tariffs on Canada and Mexico and a 10-percent tariff on China, but U.S. trade posture...

03.02.2025 2

The Hill

Tobias Burns

US economy grew 2.8 percent in 2024, but slowed to end year

Fourth quarter economic growth eased to an annualized rate of 2.3 percent, shy of an expected 2.6 percent, as the economy heads into uncertain...

30.01.2025 20

The Hill

Tobias Burns

Fed holds rates steady as Trump tariffs loom, economy hums

The Federal Reserve held interest rates steady on Wednesday after price increases ticked up over the last three months, suggesting inflation may still...

29.01.2025 4

The Hill

Tobias Burns

‘An exercise in political abuse’: Republicans face legislative gantlet with reconciliation

Top Senate Republicans want to pass their party’s wide-ranging agenda with two different acts by using a legislative process called budget...

29.01.2025 6

The Hill

Tobias Burns

'Good luck with that': Democrats dubious of working with Trump on taxes

Democrats are sounding highly dubious about working with Republicans on tax reform after President Trump said Thursday he’s interested in a...

24.01.2025 6

The Hill

Tobias Burns

5 questions facing Trump on trade ahead of his Feb. 1 tariff deadline

Questions are swirling about what President Trump’s trade agenda is going to look like after Day 1 tariffs on traditional U.S. trading partners...

23.01.2025 30

The Hill

Tobias Burns

Trump pumps brakes on Day 1 tariffs

President Trump pumped the brakes on his plan to deliver wide-ranging tariffs as soon as he took office, slow-tracking and toning down changes to the...

21.01.2025 8

The Hill

Tobias Burns

House GOP tax writers call for cuts 'as soon as possible'

Republican tax writers boosted pressure on the rest of their party on Tuesday to pass tax cuts as their top legislative priority. “We must make the...

15.01.2025 6

The Hill

Tobias Burns

CEOs are bracing for Trump tariff disruption: survey

Business executives are increasingly planning to modify their supply chains, citing the risk of disruption and cost concerns ahead of wide-ranging...

13.01.2025 6

The Hill

Tobias Burns

Over 50 current, former mayors endorse O’Malley in DNC chair bid

Former Maryland Gov. Martin O’Malley’s (D) team announced on Thursday that he’s received support from more than 50 current and former mayors in...

09.01.2025 70

The Hill

Tobias Burns

How business is bracing for a US-China trade war

President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing...

09.01.2025 10

The Hill

Tobias Burns

Export-Import Bank launches initiative to counter China's mineral dominance

The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an effort to bolster U.S....

08.01.2025 1

The Hill

Tobias Burns

Fed’s Waller sees cooler inflation despite higher forecasts

Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the...

08.01.2025 1

The Hill

Tobias Burns

Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'

Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging...

08.01.2025 2

The Hill

Tobias Burns

Quits sink to lowest level since the height of the pandemic

The number of people quitting their jobs fell in November to the lowest level since the height of the pandemic as the number of job openings popped...

07.01.2025 2

The Hill

Tobias Burns

Labor groups cheer Biden dismissal of US Steel sale as businesses bristle

Labor groups applauded as businesses leveled sharp criticism Friday at the decision by the Biden administration to block the acquisition of...

03.01.2025 4

The Hill

Tobias Burns

Jobless claims fall to lowest level in eight months to end 2024

The number of people filing new applications for unemployment insurance fell to the lowest level since last April as the job market showed signs of...

02.01.2025 10

The Hill

Tobias Burns

Jobless claims fall to lowest level in a month

Unemployment insurance claims dropped to their lowest level in a month, showing signs of health in the U.S. labor market amid a broader slowdown in...

26.12.2024 10

The Hill

Tobias Burns

Democrats open door to tax negotiations with divided GOP

Democrats are opening the door to collaborating with Republicans on a tax bill as the GOP faces several obstacles on the road to extending...

23.12.2024 4

The Hill

Tobias Burns

Third-quarter GDP marked higher, jobless claims ease as US economy flexes muscle

Third-quarter gross domestic product (GDP) was revised higher Thursday following a substantially stronger projection for U.S. economic performance...

19.12.2024 20

The Hill

Tobias Burns

Senate Democrats launch probe into Trump IRS nominee

Democratic senators launched an inquiry Wednesday into President-elect Trump’s nominee for IRS commissioner, former Rep. Billy Long (R-Mo.). They...

19.12.2024 10

The Hill

Tobias Burns

Fed cuts interest rates by quarter point despite firmer inflation

The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has...

18.12.2024 4

The Hill

Tobias Burns

Senate GOP blocks last-ditch votes on Biden finance nominees

The outgoing chair of the Senate Banking Committee is throwing in the towel on trying to confirm two key Biden administration appointees with just...

17.12.2024 5

The Hill

Tobias Burns

Hawley pitches massive increase to child tax credit

Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP...

17.12.2024 4

The Hill

Tobias Burns

Trump faces pressure to break GOP impasse over agenda

President-elect Trump is facing calls from House Republicans to settle a disagreement between the chambers on how the GOP should start tackling its...

14.12.2024 4

The Hill

Tobias Burns

Democrats fear more IRS cuts in funding fight with GOP

The White House and congressional Democrats are fighting to protect $20 billion in funds for the IRS as the tax collection agency faces significant...

11.12.2024 4

The Hill

Tobias Burns

Senate Democrats gauging interest in bill to extend tax benefits to Taiwanese companies

Senate Democrats are considering a bill to give tax breaks to Taiwanese companies, gauging interest in using a fast-track process to pass it into...

10.12.2024 4

The Hill

Tobias Burns

Trump picks economist Faulkender for No. 2 position at Treasury

President-elect Trump announced economist Michael Faulkender as his pick for deputy secretary of the Treasury on Wednesday, the second-highest...

04.12.2024 2

The Hill

Tobias Burns

These parts of Trump's tax cut law expire in 2026

The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to...

04.12.2024 5

The Hill

Tobias Burns

Job openings bounced in October on need for IT workers

The number of job openings and people quitting their jobs ticked upward in October while layoffs edged down, signaling a modest improvement in...

03.12.2024 7

The Hill

Tobias Burns

Bipartisan bill would study AI's impact on banking, housing

A new bill with bipartisan support would commission studies on the use of artificial intelligence (AI) in the banking and housing sectors, where...

02.12.2024 4

The Hill

Tobias Burns

Trump Labor pick surprises unions, rattles business

President-elect Trump’s pick for Labor secretary has organized labor cheering and business groups sounding worried as the atypically labor-friendly...

02.12.2024 50

The Hill

Tobias Burns

Lawsuits target ‘potato cartel’ enabled by price data aggregators

Frozen potato producers are the target of multiple new federal lawsuits alleging that companies have been coordinating their prices through third-...

21.11.2024 3

The Hill

Tobias Burns

5 obstacles Republicans will face on the road to tax cuts

Republicans are facing some tough decisions regarding their desired tax cuts as one of their top legislative priorities, some of which have dogged...

21.11.2024 3

The Hill

Tobias Burns

How Trump and Republicans could pay for new tax cuts

President-elect Trump and Republican lawmakers are gearing up to push a massive tax-cut bill through Congress next year but will face pressure to...

19.11.2024 3

The Hill

Tobias Burns

Trump win sets up GOP battle between deficit hawks, tax cutters

President-elect Trump’s election win is setting up a fight among Republicans over cutting taxes and reining in the deficit as the party inches...

12.11.2024 2

The Hill

Tobias Burns

Sanders ignites Democratic battle over election loss

Democrats are pointing fingers and scrambling for answers over what went wrong with their message on the economy after a resounding loss by Vice...

07.11.2024 4

The Hill

Tobias Burns