Kevin Freking

Stay informed with Kevin Freking’s coverage and analysis for Fortune.

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Speaker of the House Mike Johnson, R-La., and President Donald Trump arrive for a House Republican conference meeting, Tuesday, May 20, 2025, at the U.S. Capitol in Washington. (AP Photo/Julia Demaree Nikhinson)

CBO says tax breaks in ‘big, beautiful bill’ would increase deficit by $3.8 trillion while Medicaid and other cuts will only shave $1 trillion in spending

By Lisa Mascaro, Kevin Freking, and others

President Donald Trump, center, surrounded by Speaker of the House Mike Johnson, R-La., and Rep. Lisa McClain, R-Mich., speaks to reporters before a House Republican conference meeting, Tuesday, May 20, 2025, at the U.S. Capitol in Washington. (AP Photo/Julia Demaree Nikhinson)

Trump implores GOP to support his ‘One Big Beautiful Bill Act’ but holdouts say ‘no’: ‘We’re still a long ways away’

By Lisa Mascaro, Kevin Freking, and others

FILE – Republican presidential nominee former President Donald Trump dances at a campaign event at the Cobb Energy Performing Arts Centre, Oct. 15, 2024, in Atlanta. (AP Photo/John Bazemore, File)

Trump is heading to Congress to push his ‘big, beautiful bill’ as it risks collapse ahead of votes this week

By Lisa Mascaro, Kevin Freking, and others

U.S. Speaker Mike Johnson

Trump’s ‘big, beautiful bill’ advances in rare Sunday night vote, but conservatives want more cuts: ‘The bill does not yet meet the moment’

By Kevin Freking, Lisa Mascaro, and others

Speaker of the House Mike Johnson, R-La., speaks during a news conference at the Capitol, Tuesday, May 6, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)

Republicans look to get Trump’s big bill back on track with rare Sunday committee session

By Kevin Freking, Lisa Mascaro, and others

WASHINGTON, DC – MAY 6: U.S. Speaker of the House Rep. Mike Johnson (R-LA) speaks during a news conference following a House Republican conference meeting at the U.S. Capitol on May 6, 2025 in Washington, DC. House Republicans continue to work on finding consensus for their budget plan. (Photo by Andrew Harnik/Getty Images)

Trump’s ‘Big’ and ‘Beautiful’ tax cut bill suffers a major blow as his own party fails to pass the legislation

By Lisa Mascaro, Kevin Freking, and others

FILE – Speaker of the House Mike Johnson, R-La., talks to reporters just after House Republicans narrowly approved their budget framework, at the Capitol in Washington, April 10, 2025. (AP Photo/J. Scott Applewhite, File)

What’s in Trump’s ‘Big, Beautiful Bill’, from $5 trillion in tax cuts to a 21% tax on university endowments

By Kevin Freking, Lisa Mascaro, and others

FILE – Speaker of the House Mike Johnson, R-La., joined from left by House Majority Whip Tom Emmer, R-Minn., and House Majority Leader Steve Scalise, R-La., talks to reporters about his push for a House-Senate compromise budget resolution to advance President Donald Trump’s agenda, even with opposition from hard-line conservative Republicans, at the Capitol in Washington, April 8, 2025. (AP Photo/J. Scott Applewhite, File)

GOP House members and senators rip Medicaid cuts and booming deficits in tax bill as Trump says ‘The Bill is GREAT’

By Lisa Mascaro, Kevin Freking, and others

Speaker of the House Mike Johnson, R-La., talks to reporters about his push for a House-Senate compromise budget resolution to advance President Donald Trump’s agenda, even with opposition from hard-line conservative Republicans, at the Capitol in Washington, Tuesday, April 8, 2025. (AP Photo/J. Scott Applewhite)

Trump told Republicans to ‘Close your eyes and get there’ on his budget bill but holdouts forced House Speaker to halt the vote

By Lisa Mascaro, Kevin Freking, and others

Rep. Chip Roy, R-Texas

‘I’m tired of the fake math in the swamp’: Conservative House Republicans are stalling action on Trump’s bill of tax breaks and spending reductions

By Lisa Mascaro, Kevin Freking, and others

Senate Majority Leader John Thune, R-S.D., joined by Sen. John Barrasso, R-Wyo., the GOP whip, left, talks to reporters at the Capitol, in Washington, Tuesday, April 1, 2025. (AP Photo/J. Scott Applewhite)

Senate GOP approves framework for Trump’s tax breaks and spending cuts, but 2 Republicans dissent — ‘Something’s fishy’

By Lisa Mascaro, Leah Askarinam, and others

Scott Bessent in front of a black background

America could run out of cash to pay its bills as early as this summer

By Fatima Hussein, Kevin Freking, and others

Speaker of the House Mike Johnson, R-La., walks through the Capitol, Monday, March 3, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

House Republicans dare Democrats to reject spending bill with the deadline to avert a government shutdown just days away

By Kevin Freking and The Associated Press

Speaker of the House Mike Johnson, R-La., speaks at the Conservative Political Action Conference, CPAC, at the Gaylord National Resort & Convention Center, Thursday, Feb. 20, 2025, in Oxon Hill, Md. (AP Photo/Jose Luis Magana)

What’s next for Trump budget after House GOP approves tax breaks and spending cuts blueprint: ‘Nothing about this is going to be easy’

By Lisa Mascaro, Kevin Freking, and others

Speaker of the House Mike Johnson, of La., with House Republican Conference Chairwoman Lisa McClain, from left, Rep. Tim Moore, R-N.C. and House Majority Leader Steve Scalise, of La., speaks during a news conference at the Capitol, Tuesday, Feb. 25, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)

House GOP pushes through budget blueprint in step toward Trump’s ‘big beautiful bill’, with $4.5 billion in tax breaks and $2 billion in spending cuts

By Lisa Mascaro, Kevin Freking, and others