Trump's new legislation extends tax cuts but faces backlash for potentially harming millions of Americans. Democrats label it a 'crime scene' as it rolls back key health programs. Will this be a pivotal issue in the midterms?
Donald Trump is set to sign a sweeping spending package that cuts safety-net programs while boosting funding for immigration enforcement. Critics warn of devastating impacts on healthcare and low-income families.
In a dramatic Fourth of July event, President Trump signed a spending bill that promises massive cuts to government benefits, including Medicaid, while touting the largest tax cut in history. The celebration included military flyovers and sparked fierce criticism from Democrats.
Congress has approved a monumental tax and spending bill that triples federal funding for immigrant detention centers, raising alarms about the treatment of detainees and expanding ICE's capacity significantly.
Congress has passed a sweeping bill that overhauls student loan repayment options, replacing existing plans with less favorable terms. Critics warn these changes could worsen financial insecurity for millions of borrowers.
Alibaba Group is set to raise approximately HK$12 billion through exchangeable bonds to enhance its global cloud services and commerce ventures. The tech giant is making significant moves amidst fluctuating markets and economic data.
Congress has passed a landmark bill allocating over $100 billion for immigration enforcement, significantly increasing ICE's budget and doubling detention capacity. This move aligns with President Trump's stringent immigration policies and could lead to record backlogs in immigration courts.
In a dramatic shift, President Trump has secured a $3.4 trillion fiscal package that cuts taxes and spending on safety-net programs, reversing Biden's clean-energy initiatives. The House narrowly passed the bill, leading to significant changes in US policy.
The retail industry is relieved about the new 20% tariff on Vietnamese imports but fears it may still hurt consumer spending. Executives are concerned about the impact of price hikes on their businesses and customers.
In a marathon speech, House Democratic Leader Hakeem Jeffries passionately opposes Trump’s tax cut and spending bill, warning of devastating impacts on healthcare and American lives. His powerful words rally Democrats to defend Medicaid and other vital programs.
