Economists warn that Trump's massive tax cuts could exacerbate the U.S. debt crisis, potentially leading to higher interest rates and a doom loop that threatens economic stability. Learn why experts are concerned about the future.
President Trump’s latest tax cuts are projected to add over $4 trillion to the national debt, raising concerns about the U.S. fiscal future. As debates rage on, can America afford this economic gamble?
Donald Trump's ambitious tax and spending legislation is stirring up intense debate among voters. While some hail it as a necessary fiscal reform, others criticize it as detrimental to the middle class and vulnerable populations. Explore the mixed reactions as the House prepares to vote.
House Republicans' spending bill and rising tariffs may slightly reduce the budget deficit, but experts warn of an unsustainable debt trajectory. With the national debt nearing $36 trillion, tough fiscal decisions loom on the horizon.
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.
