Trump's new law offers tax breaks for families but slashes healthcare and food aid. Here's what parents need to know about the financial impact.

Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)

With the One Big Beautiful Bill Act now law, there could be a spike in consumer energy bills in states represented by Republicans.

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump over the July 4, 2025, weekend, is a sweeping multitrillion-dollar package that blends tax cuts with significant spending reductions and changes to the social safety net.

President Donald Trump has promised that the “big, beautiful bill” passed by the Senate and being considered by the House of Representatives will be one of the most successful pieces of legislation in American history.

Medicaid is the state's largest health insurer, covering a quarter of Michigan residents. Reform supporters say the changes will eliminate loopholes.

An analysis of the just-passed Senate version of the One Big Beautiful Bill Act predicts the legislation will increase primary deficits by $3.1 trillion over 10 years. That didn’t worry the Senate—will it bother the House?

The One Big Beautiful Bill Act is temporarily raising the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra generous write-off, which is often referred to as the SALT deduction.