Gov. Kevin Stitt has joined Oklahoma legislative leaders in announcing a sweeping agreement on a nearly $12.6 billion state budget for the next fiscal year, one that features an income-tax cut Stitt long has hoped for during his six-plus years in office.

Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.

Republicans in Congress are moving with rapid speed to advance President Donald Trump’s big bill of tax breaks, spending cuts and beefed-up border security funding.

The vote came after an all-night debate that saw at least one lawmaker fall asleep at his post. Republicans rejected a series of proposed changes by opposition Democrats, who blasted the bill as a wasteful giveaway to the wealthy that would shred health and food benefits for the poor and worsen the nation's financial standing.

Republicans' “one big beautiful bill” would eliminate taxes on tips and overtime, give new cuts to seniors, and make interest on certain auto loans deductible.

Oklahoma leaders announce a budget deal aimed at tax reduction and investments in public safety, education, and infrastructure.

Germany's council of tax experts expects 81.2 billion euros ($90.94 billion) less in tax revenues for the German state as a whole in the 2025-2029 period compared with the October forecast, updated projections showed on Thursday.

The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher, thanks to the use of budget and political tools designed to minimize the appearance of the fiscal hit,