The CBO has revised its estimate for the national debt impact of Trump's tax cut bill, now predicting an addition of $2.4 trillion. This comes after Elon Musk criticized the legislation, stirring debate among Republicans as they prepare for Senate action.
Elon Musk has made headlines by calling Trump's tax bill a 'budget-busting abomination', igniting a fierce debate among Republicans as the president pushes for its passage.
In a stark warning, JPMorgan CEO Jamie Dimon highlights potential turmoil in the bond market due to escalating U.S. debt. Investors are urged to diversify as fears of a fiscal crisis loom. Discover what this means for your investments!
On the first trading day of June, U.S. stock futures fell over 0.3%, despite a strong May. Treasury yields rose amid budget concerns, while crude oil prices surged after Ukraine's drone attack on Russian military airports.
The Republican-led House narrowly passed a sweeping tax and spending bill that fulfills many of Trump's campaign promises, despite concerns over increasing national debt. With a projected $3.8 trillion impact, this legislation faces scrutiny from both parties.
The latest U.S. Treasury auction of 20-year bonds faced weak demand as fears over rising national debt and a contentious tax-and-spending bill grow. Investors are increasingly worried about fiscal responsibility amidst economic uncertainty.
Tensions rise as the yield on 30-year Treasury bonds surpasses 5%. Investors question America's fiscal future amid Trump's budget bill discussions that could reshape U.S. financial policy, impacting households and businesses alike.
In a fierce battle within the GOP, Rep. Chip Roy emerges as a pivotal figure challenging Trump's ambitious reconciliation bill. His bold stance on fiscal responsibility raises questions about the future of the GOP agenda.
The 'One Big, Beautiful Bill Act' promises sweeping changes, impacting millions of Americans through Medicaid cuts, SNAP eligibility tightening, and tax reforms. Discover what this megabill could mean for your finances.
In a surprising Sunday night vote, Republicans advanced a massive tax cut and border security package out of a key House committee. Despite concerns from deficit hawks, Speaker Mike Johnson remains optimistic about the bill's future.
