In a surprising turn, Elon Musk publicly criticizes President Trump's flagship legislation, calling it a 'massive spending bill' that threatens fiscal responsibility. His comments signal a significant shift in their political partnership.
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.
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.
In a dramatic showdown, Texas Congressman Chip Roy defies Trump's calls for party unity, arguing that the proposed spending bill contradicts fiscal responsibility. Will he stand his ground against GOP pressure?
After the US lost its last perfect credit rating, lawmakers are at odds over how to address the fiscal crisis. With a proposed bill potentially adding trillions to the deficit, investors are on high alert. Will Congress come together to avert further downgrades?
As House Speaker Mike Johnson races to finalize a massive spending cut package, Senate Republicans express skepticism, calling the bill 'wimpy' and 'anemic.' Key GOP senators are pushing back against elements of the proposal, citing concerns over Medicaid changes and tax hikes. Will the Senate reshape Johnson's plan or let it die?
The Biden administration's push to transform Elon Musk's DOGE cuts into lasting policy is stalling amid opposition from both Democrats and Republicans. With a budget proposal looming, lawmakers express skepticism about the cuts' viability, raising concerns over foreign aid and fiscal responsibility.
Treasury Secretary Scott Bessent warns of potential financial crisis due to high government spending but assures that the Trump administration is taking steps to reset the economy. With market volatility and rising deficits, is the U.S. truly on a sustainable path?
Donald Trump's push for tax cuts faces a major hurdle as fiscal concerns mount. With promises of new tariffs, can he balance the budget and satisfy his party's donors? Voter sentiment may lead to unexpected consequences.
