The Fair Bet Act, introduced by Representative Dina Titus (D), hopes to restore the 100% deduction for gambling losses. The One Big Beautiful Bill Act amended the deduction so that gamblers could only ...

An obscure provision in Donald Trump's 'big, beautiful bill' reduces the amount gamblers can deduct from taxes for betting losses.

An amendment tucked into the more than 1,000-page budget legislation by Senate Finance Committee Chairman Mike Crapo , R-Idaho, changed the tax code, limiting the amount gamblers can deduct from their ...

The Financial Services Forum, which represents eight of the largest banks in the U.S., has lured Amanda Eversole from the American Petroleum Institute to be its next president and chief executive.

Trump has now extended the deadline for negotiations to Aug. 1 and tinkered with his threatened tariffs, leaving the global ...

Delays are expected on Route 2 west in Central Massachusetts Wednesday afternoon, as only the breakdown lane is open ...

One last-minute addition to Trump’s big bill has earned the wrath of Nevada’s congressional delegation — and rightfully so.

The provision tucked into the “Big Beautiful Bill” limits tax deductions for gambling losses, while still requiring ...

Mike Florio takes a deep dive into why there in bipartisan effort to change the language of the gambling portion of the big, ...

Senate language in the 'Big Beautiful' package cuts the amount of losses that gamblers can deduct in their taxes.

Nevada Senator Dina Titus is presenting the FAIR BET Act, an amendment to the bill that would address the issue and reinstate ...