As Congress debates President Trump's ambitious legislation, the Congressional Budget Office faces scrutiny for projecting a $2.4 trillion increase in federal deficits, igniting fierce political battles.
The UK dodges a significant increase in steel and aluminium tariffs imposed by President Trump, maintaining the current rate of 25% while negotiations continue for a future trade agreement. Is this a win for British businesses?
The Planetary Society issues a dire warning against the White House's proposed NASA budget, which threatens to cripple scientific endeavors and future space exploration. With a significant reduction in funding, the plan could jeopardize crucial missions and the agency's workforce.
A small wine-importing company, V.O.S. Selections, scored a surprising victory against Trump's tariffs in a federal court ruling. Founder Victor Schwartz shares his story of courage and the potential impact on small businesses nationwide.
Small business owners are feeling relief and hope after federal courts ruled against Trump's tariffs. However, uncertainty remains as the White House plans to appeal, leaving many businesses in limbo regarding their future plans and pricing strategies.
In a dramatic turn of events, Trump threatens steep tariffs on the EU as trade negotiations stall, raising fears of an impending trade war that could destabilize the global economy.
The 30-year Treasury yields have remained above 5% since May 21, causing concern among investors. This rise in yields coincides with the passing of a significant budget bill by the House of Representatives.
President Trump is pushing for tax exemptions on tips and overtime pay to win over working-class voters. Congress is moving closer to making this a reality, despite concerns over the budget and labor market implications.
As the national debt surpasses $36.2 trillion, looming Medicare cuts could shock millions. Experts warn that these budget reductions may have dire consequences for healthcare access, especially for the elderly and disabled.
House Republicans are pushing a drastic $1 trillion cut to Medicaid and food stamps, threatening millions of Americans' access to essential benefits. Experts warn that the impact could hit vulnerable populations, including children and seniors.
