WASHINGTON (Reuters) -Senate Republicans on Monday proposed a tax and budget bill that would end the $7,500 tax credit on new electric vehicles 180 days after the measure is signed into law, and it would end a $4,000 used-vehicle EV tax credit 90 days after the bill's approval. The House of Representatives version would allow the $7,500 new-EV tax credit...

(Reuters) -U.S. President Donald Trump will return to Washington from the G7 summit in Canada on Monday night to attend to many important matters, White House Press Secretary Karoline Leavitt said. ...

WASHINGTON (Reuters) -Federal Reserve policymakers will begin a two-day meeting on Tuesday with escalating tensions in the Middle East risking a new commodity price shock and fresh U.S. data expected to show a drop in retail sales and sluggish factory output in May. The U.S. central bank is widely anticipated to leave its benchmark overnight interest rate in the 4.25%-4.50% range,...

WASHINGTON (Reuters) -A U.S. Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump's administration, according to a draft bill circulated on Monday. The draft bill, part of a sprawling Republican budget package, made several changes...