Latest in US Debt Faces Record as Trump and GOP Plan Tax Cuts
Sort by
2,945 items
-
Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup
Tilray Brands’ stock fell Friday after the beer and cannabis company said it expects a $20 million impact on its full-year revenue as it embarks on a cost-cutting plan that will reduce the number ...MarketWatch - Jan. 10 -
2024 was hottest year on record for world’s land and oceans, US scientists confirm
Noaa says last year was the warmest since records began in 1850 and Nasa concurs: ‘The long-term trends are very clear’. It was the hottest year ever recorded for the world’s lands and oceans in ...The Guardian - Jan. 10 -
Musk and Ramaswamy sending agents across US government to seek cuts
So-called department of government efficiency charged by Trump to help effect radical government shake-up. Elon Musk and Vivek Ramaswamy have already dispatched emissaries across the US ...The Guardian - Jan. 10 -
Reeves faces 'difficult decisions' on tax and spending
The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.BBC News - Jan. 10 -
Senate GOP fears landmines in House could derail Trump's tax agenda
Senate Republicans fear that President-elect Trump’s tax agenda could be derailed in the House by several potential landmines, including calls by some GOP lawmakers to raise corporate taxes and to ...The Hill - Jan. 10 -
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.The New York Times - Jan. 10 -
Warren questions Trump IRS nominee's experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...The Hill - Jan. 9 -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
The Papers: 'Apocalypse' LA and 'Reeves faces extra tax rises'
Wednesday's headlines include wildfires in LA and economists warning of rising government borrowing costs.BBC News - Jan. 9 -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - Jan. 9 -
UK recruiters report fresh slowdown in hiring as planned tax rises bite
Survey results will heighten investor concerns over stagflation threat in economyFinancial Times - Jan. 9 -
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.MarketWatch - Jan. 8 -
Gingrich urges Trump, GOP to pass tax cuts in 'one big, beautiful bill'
Former Speaker Newt Gingrich (R-Ga.) encouraged President-elect Trump and Republicans to pass tax cuts as part of a single wide-ranging reconciliation bill, arguing that the GOP’s narrow House ...The Hill - Jan. 8 -
Fed Minutes May Show Why More Rate Cuts Will Face Hurdles
After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.Inc. - Jan. 8 -
Trump’s push for SALT tax reform threatened by hardline GOP budget hawks
The path of least resistance could be $5 trillion in new government debt.MarketWatch - Jan. 8 -
Obamacare Enrollment Hits Record Ahead of Trump’s Return
Almost 24 million Americans have signed up for plans offered under the Affordable Care Act, driven by subsidies that are expiring and that Congress may not renew.The New York Times - Jan. 8 -
3 reasons Trump keeps floating U.S. control of Greenland — including one tied to tax cuts
Here’s why President-elect Donald Trump keeps talking about one idea from his first term in office — getting control of Greenland, the giant territory controlled by Denmark.MarketWatch - Jan. 8 -
GOP senator: Biden's eleventh-hour actions 'slap in the face' to Trump voters
Sen. Roger Marshall (R-Kan.) says that President Biden’s moves in the final days of his presidency to ban offshore drilling, grant clemency to hundreds of Americans convicted of crimes, and ...The Hill - Jan. 7 -
Speaker Johnson: ‘Intention’ is to increase debt limit in massive Trump agenda bill
Speaker Mike Johnson (R-La.) said that congressional Republicans plan to increase the nation’s borrowing limit as a part of a massive party-line bill that they are crafting that will encapsulate ...The Hill - Jan. 7 -
France signals fewer spending cuts and tax rises ahead of budget talks
Economy minister seeks to ‘protect growth’ with slightly higher deficit target for 2025Financial Times - Jan. 6 -
Several commodities face headwinds in 2025 — but this metal's record rally is set to continue
Crude oil prices last year were dragged down by weak Chinese demand and a supply glut — market watchers expect prices to remain pressured in 2025.CNBC - Jan. 6 -
Trump backs massive single bill for taxes, border and energy
Some Republicans have expressed support for enacting two pieces of legislation, instead of trying to stuff everything into one bill.Politico - Jan. 5 -
Cash incentives for GPs under Labour’s radical plan to cut NHS waiting lists
Doctors will be given £20 each time they consult with a specialist to see if there is an alternative to hospital visits. GPs will be offered financial incentives to discuss with specialists whether ...The Guardian - Jan. 5 -
ATF head warns that the Trump administration's funding cut plans could risk lives
Steve Dettelbach, the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, warned that President-elect Donald Trump's plans to reduce funding for the agency could risk lives. Scott ...CBS News - Jan. 4 -
While Biden administration withdrew student loan forgiveness plans, there is still debt relief available
After the Biden administration withdrew its sweeping student loan forgiveness plans, borrowers should look into the existing debt cancellation programs.CNBC - Jan. 3 -
GOP trust in election accuracy rises after Trump's victory: Survey
A growing number of Republicans say they’re confident that the votes in the 2024 presidential election were counted accurately in the wake of President-elect Trump's victory in November, according ...The Hill - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
Trump and GOP allies falsely blame New Orleans attack on immigration failures
President-elect Donald Trump and his allies in Congress have blamed the deadly New Orleans truck attack on President Joe Biden's border policies even though the attacker was a U.S. citizen.NBC News - Jan. 2 -
Here are 9 states cutting their individual income taxes on Jan. 1
Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.CBS News - Jan. 1 -
The battered bond market starts 2025 facing some difficult issues about debt
Investors face multiple challenges in the year ahead, including one under-the-radar worry about short term notes coming due.CNBC - Jan. 1