The Latest Breaking News from Tax Cuts

The incoming Treasury secretary faces critical tasks like managing debt ceiling, tax cuts, and Trump's economic plans.

Equities have seen big swings since Trump's election at the start of the month, with optimism over pledged tax cuts and deregulation offset by worries they could also reignite inflation, along with threatened import tariffs.

The economy was one of their top issues as voters went to the polls this year. So what does Donald Trump’s return to the White House – as well as Republican gains in Congress – mean for the U.S. economy?

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

But his other economic proposals could offset the savings.

Former Treasury Secretary Mnuchin discusses Trump's approach to tariffs and tax cuts.

The president-elect's campaign promises of tariffs and tax cuts are expected to drive up the debt and stoke inflation

Australians are still watching their pennies even as consumers report more confidence in the future state of their finances.

Kamala Harris and Donald Trump are promising big initiatives if elected: tax cuts (and hikes), lots of giveaways, and major pieces of legislation bearing on issues such as abortion, healthcare, the environment and foreign military assistance. Regardless of who wins the presidency, the one thing all these items have in…