WASHINGTON – When President Donald Trump signed a megabill with his spending and policy priorities into law on July 4, he distanced himself from another one of his goals: dismantling the U.S.

Lawmakers, trade professionals and professional bettors worry about a new Republican provision that will reduce the deduction for gambling losses.

Household electric bills in South Carolina set to soar under the “Big Beautiful Bill,” with a projected $52.50 monthly ...