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.
In a groundbreaking initiative, Trump has announced $1,000 investment accounts for every American baby, backed by top CEOs. This pro-family policy aims to provide a financial head start but faces budgetary hurdles.
President Trump's ambitious legislative agenda could add over $2.4 trillion to the national debt in the next decade, facing criticism from figures like Elon Musk. House Speaker Mike Johnson seeks dialogue with Musk as the Senate pushes forward.
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.
In a surprising twist, Elon Musk has publicly condemned President Trump’s massive tax and immigration bill, labeling it a 'disgusting abomination' that threatens to increase national debt. This bold statement complicates the GOP's efforts to pass the legislation, which has already faced backlash from conservatives.
At a recent town hall, Iowa Senator Joni Ernst was met with fierce criticism from constituents over her support for President Trump's One Big Beautiful Bill Act, leading to heated exchanges and boos from the crowd.
Donald Trump is under pressure from Senate fiscal hawks to cut government spending or face a blockade of his tax-cutting legislation. Key senators express deep concerns over the national debt and potential loss of health coverage for millions.
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.
In a high-stakes vote, House Republicans are trying to pass Trump's massive tax and spending bill, which faces significant intra-party divisions and opposition from Democrats. The bill aims to extend tax cuts while adding trillions to the national debt.
U.S. markets experienced a sharp sell-off as rising Treasury yields and fears of ballooning national debt spooked investors. With the S&P 500 and Dow Jones falling, the economic outlook looks grim as the Trump tax bill could worsen the fiscal situation.
