The text of the Big, Beautiful Bill states that the federal government will "propose for each year the following registration fee" of $250 for a covered electric vehicle and $100 for a covered hybrid vehicle.

The proposal, part of the reconciliatory federal budget document dubbed the “One Big Beautiful Bill,” now heads to the U.S. Senate. It includes a 10-year stop on states being able to regulate artificial intelligence.

Governor Abbott thanked the U.S. House for passing a bill allocating $12 billion for Texas border security expenses incurred due to previous federal policies.

In a close vote, the House of Representatives passed President Trump's budget bill with cuts to federal retirement benefits.

Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day.

Forty-five amendment tries later, North Carolina’s House of Representatives passed the two-year state budget bill on Wednesday evening.

The proposal to boost pay by an effective 4.5% had bipartisan support despite objections from GOP leaders and is expected to pass the Senate.