Trump administration

The U.S. loses its third triple-A rating as Congress works to pass a massive tax cuts and spending bill.

A deal on the state and local tax deduction cap remained elusive as of Monday morning.

The committee may take the bill up again as soon as Monday.

California Gov. Gavin Newsom said lowered revenues from the so-called "Trump slump" forced tough choices during annual May revisions to his budget.

Moody's downgrading of Maryland's credit rating is resulting in finger pointing among state lawmakers, questions about spending levels, and concerns about the state's spotless record.

The full legislative package could land on the House floor as soon as next week.

The tax bill is far from a done deal, market participants said.

The hotly anticipated bill from Ways and Means is the first detailed draft and could change as it moves through the legislative process.

The Ways and Means Committee is expected to release the full text, including revenue raisers, ahead of a Tuesday hearing.

Public power energy providers are moving forward with using elective pay to boost investment in nuclear energy while electrifying small town and rural areas.