![Senate Majority Leader Chuck Schumer fields questions about the candidacy of President Biden after the senate luncheons in the U.S. Capitol on Tuesday, July 9, 2024.](https://assets3.cbsnewsstatic.com/hub/i/r/2024/07/31/b66b9417-af93-4c68-9e01-a403dc19a0df/thumbnail/640x360/e6f645c8955e7da5d29c5a0a57edf2da/gettyimages-2160741098.jpg?v=d8f7565ef3e8b72561ee316b5993cbf9#)
Senate fails to advance major tax bill that would expand Child Tax Credit
A major tax package that would bolster the popular Child Tax Credit and cut taxes for businesses failed to advance in the Senate on Thursday in the face of widespread Republican opposition.