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.
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.
As President Trump negotiates a controversial tax and spending bill with House Republicans, tensions rise within the party. The proposed legislation faces opposition from both budget hawks and tax-cut proponents, raising questions about its future.
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.
President Trump's ambitious mega-bill is on shaky ground as key Republican members voice opposition. With only one vote to spare in the House Budget Committee, the future of this legislation hangs in the balance.
The emerging GOP tax proposal could add over $2.5 trillion to the federal deficit, igniting fierce debate among lawmakers. Critics warn it risks an economic calamity by favoring tax cuts for the wealthy while slashing essential programs.
Republicans in Congress have advanced President Trump's budget, pushing for massive tax cuts and spending changes that could add trillions to the national debt. Dissent within the party complicates their path to pass the bill before Memorial Day.
