Lisa Mascaro

Stay informed with Lisa Mascaro’s coverage and analysis for Fortune.

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Trump speaks into a microphone and points into the crowd in front of an American flag

The Budget Office says Trump’s spending bill would add $2.4 trillion to the national debt—just one day after Elon Musk slammed Congress over this same fear

By Lisa Mascaro and The Associated Press

Senate Majority Leader John Thune, R-S.D., arrives for a vote as Republicans work to advance President Donald Trump’s spending and tax bill, at the Capitol in Washington, Tuesday, June 3, 2025. (AP Photo/J. Scott Applewhite)

Trump pushes senators to pass his big tax bill by the Fourth of July just as Elon Musk slams it as a ‘disgusting abomination’

By Lisa Mascaro, Mary Clare Jalonick, and others

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., speaks during a news conference at the Capitol, Tuesday, May 6, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)

House GOP aims to cut $880 billion mostly from Medicaid in move that could leave 8.6 million without healthcare

By Lisa Mascaro and The Associated Press

Donald Trump at podium

Trump’s 2026 budget claws back $163 billion in domestic spending while boosting national security

By Lisa Mascaro, Josh Boak, and others

US President Donald Trump looks on as he hosts the annual Easter Egg Roll on the South Lawn of the White House on April 21, 2025, in Washington, DC. According to the US National Park Service, the egg roll tradition dates back to 1878 when President Rutherford B. Hayes invited children to roll Easter eggs on the White House grounds. Children previously rolled eggs down a hill at the US Capitol in the early 1870s, but a law was passed in 1876 forbidding the Capitol property from being used due to the toll on the lawn. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

Trump is sending mixed signals on a millionaire tax, but thinks it would push rich Americans to leave the country

By Lisa Mascaro and The Associated Press

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