The Senate recently passed a key vote on a massive tax reform bill. This bill, backed by President Trump, aims to cut taxes by a huge amount: $4. 5 trillion. But the journey to get it passed is not smooth. Republicans are now in a tough spot. They need to convince enough senators to support the bill for its final approval. The majority leader, John Thune, is working...
The Senate Republicans are making significant changes to a major bill that could greatly impact the country's future. This bill is a key part of President Trump's plans for his second term. The Senate Finance Committee recently released the details of this bill, which includes adjustments to Medicaid and tax credits for clean energy. The goal is to prevent a massive ...
The political world is watching closely as allies of Donald Trump and Elon Musk push for a truce between the two powerful figures. This comes after a public fallout that has raised eyebrows and caused concern among conservatives and tech enthusiasts alike. The rift, which began over disagreements on Trump's tax bill, has the potential to disrupt significant parts of ...
A significant bill is moving through Congress. It aims to cut taxes by $3. 75 trillion. However, it could increase the deficit by $2. 4 trillion over the next ten years. This is according to the Congressional Budget Office (CBO). The CBO is a nonpartisan group that analyzes the budget. The bill could also lead to 10. 9 million more people being uninsured by 2034. Th...
The House of Representatives, controlled by Republicans, just passed a huge tax and spending bill. This bill is a big deal because it puts a lot of money into the military and border security. It also gives tax breaks to certain groups, like people who receive tips or have car loans. This bill is part of President Trump's plan to keep his campaign promises. It will a...
The White House has been a hotbed of market-moving news lately. The latest worry is the growing US debt. This is not a new issue, but it has taken center stage recently. The President's tax plan is expected to add a significant amount to the national debt. Estimates suggest it could be between 3 and 5 trillion dollars. This news has sent shockwaves through the i...
The Trump administration proposed a massive tax bill. It is 1, 116 pages long and aims to change taxes and federal policies. If passed, it would benefit high earners the most. This is according to various analyses. The bill's journey is not smooth. It faced delays due to demands from the conservative House Freedom Caucus. They want more changes before it can pro...
The US government's borrowing costs have seen a recent surge, reflecting ongoing economic concerns. The interest rate on long-term US government debt briefly exceeded 5% before slightly easing. This spike came shortly after Moody's, a credit rating agency, lowered the US government's credit rating. The downgrade was due to the significant increase in US debt over the...
Monday was a rough day for financial markets. Investors were in a selling mood, dumping U. S. stocks, bonds, and even the dollar. This triple whammy is a clear sign that confidence in the world's biggest economy is waning. The S&P 500 index took an early hit, dropping by about 1 percent in New York trading. Meanwhile, bond markets were in turmoil. U. S. Treasury pric...
In the heart of Washington, a marathon session unfolded as Republicans on the House Ways and Means Committee approved a tax reform bill after an exhausting overnight debate. The bill, championed by former President Donald Trump, faces a rocky road ahead. House Speaker Mike Johnson was up late, trying to smooth out the wrinkles in Trump's plan. The GOP is divided, wit...