President-elect Donald Trump has proposed trillions of dollars of tax cuts. JEFFERSON CITY, Mo. — President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more.

Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said that extending Trump's 2017 tax cuts that are set to expire at the end of this year is "the single most important economic issue of the day.

President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP lawmakers warn rising bond yields could dampen those efforts.

President-elect Donald Trump has named actor Mel Gibson, Sylvester Stallone and Jon Voight as his "special envoys" to Hollywood.

NEW YORK -- New York City Mayor Eric Adams is meeting with President-elect Donald Trump at his Mar-a-Lago home Friday in Florida. According to Adams' schedule, he flew to Florida on Thursday, and is expected to meet with Trump at 1 p.m. Friday.

New York City Mayor Eric Adams says that "a productive conversation" took place during a meeting with President-elect Donald Trump in Florida on Friday. Adams, a Democrat, has seemingly become more friendly toward Trump and his incoming administration since being indicted on federal criminal charges of fraud and bribery.

New York City Mayor Eric Adams leaves the federal court after being charged with bribery and illegally soliciting a campaign contribution from foreign nationals, in New York City, U.S., October 2, 2024.