Latest in Battle Trillion Tax
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Republicans gear up for the coming battle over $5 trillion tax cut's costs
Republicans are united on extending the 2017 tax cuts, but at odds on how to offset the cost.Business - CNBC - Yesterday -
GOP tax battle rages
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Tax battle brewing among Republicans over debt fears President-elect Trump's ...Politics - The Hill - November 12 -
Trump, Harris tax-break costs soar to more than $12 trillion
Vice President Kamala Harris and former President Donald Trump have been proposing a slew of new tax cuts and credits over the course of their campaigns, and are even adding to the list in the ...Business - MarketWatch - October 29 -
House, Senate GOP battle over length of Trump tax cut extension
House Republicans are pushing back on Senate GOP negotiators over how long to extend President-elect Trump’s tax cuts, which are due to expire at the end of 2025. Sources familiar with the early ...Politics - The Hill - Yesterday -
Whether it is President Harris or President Trump, a battle over taxes and tips is headed to Capitol Hill
Donald Trump and Kamala Harris back no-tax-on-tips policy, but in an election where the economy is the No. 1 issue, economists say the idea is flawed.Business - CNBC - November 4 -
The next U.S. president could face a tax battle in 2025 — here's what it means for investors
The next U.S. president could face a tax battle in 2025 over expiring tax breaks enacted by former President Donald Trump. Here's what it means for investors.Business - CNBC - November 5 -
Trump win sets up GOP battle between deficit hawks, tax cutters
President-elect Trump’s election win is setting up a fight among Republicans over cutting taxes and reining in the deficit as the party inches toward control of both chambers of Congress. ...Politics - The Hill - November 12 -
Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.Business - CNBC - November 15 -
Mr. Musk Goes to Washington — With a $2 Trillion Agenda
Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.Business - The New York Times - November 13 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - November 3 -
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.Business - The New York Times - November 8 -
Tesla surpasses $1 trillion in valuation in the wake of Trump's victory
Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.Top stories - NBC News - November 8 -
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.World - The New York Times - November 12 -
Will Elon Musk be able to cut $2 trillion from US government spending?
The Tesla CEO claimed he could slash US spending by eradicating “waste”.Top stories - BBC News - November 13 -
How Musk’s Department of Government Efficiency May Try to Slash Federal Spending
President-elect Donald J. Trump has tasked Elon Musk and Vivek Ramaswamy with identifying ways to cut the budget. The hard part comes next.Top stories - The New York Times - November 16 -
Is China a 'Developing' Country? That's the Trillion-Dollar Question at U.N. Climate Talks
Officials from developed and developing countries agree that more than $1 trillion a year is needed to finance poorer nations’ response to climate change—but not on who should pay up.World - The Wall Street Journal - 5 days ago -
Nvidia continues its march to a $4 trillion stock-market valuation. Why it’s inevitable.
Two big questions: How does the tech giant grow fast enough to satisfy Wall Street — and how long will that take?Business - MarketWatch - 4 days ago -
Trump and Harris Battle for Pennsylvania
Also, remembering Quincy Jones. Here’s the latest at the end of Monday.Top stories - The New York Times - November 4 -
California firefighters battle blaze
Firefighters in southern California are making progress against a wildfire that has destroyed more than 200 homes. The Mountain Fire started burning Wednesday morning and has charred more than ...Top stories - CBS News - November 9 -
GOP senators brush off concerns about Thune’s relationship with Trump
The new Senate majority leader has been critical of the president-elect, but even conservative senators expressed confidence that he would work well with Trump.Politics - Politico - November 13 -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - November 8 -
Tesla hits $1 trillion market cap as stock rallies after Trump win
Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion.Business - CNBC - November 8 -
Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock
Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could ...Business - MarketWatch - November 8 -
Credit card debt hits record $1.17 trillion, New York Fed research shows
Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.Business - CNBC - November 13 -
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.Business - MarketWatch - November 14 -
Crypto Industry Pushes Policy Change Agenda as Global Investment Tops $3.2 Trillion
Crypto companies want the Trump administration to promote digital assets and can expect a friendlier regulatory climate. The U.S. election has pushed global crytpo totals to record highs.Business - Inc. - November 14 -
Costco's founder met Jeff Bezos for coffee—his advice helped turn a near-death Amazon into a $2 trillion business
In 2001, tech stocks went bust and Amazon struggled. A coffee meeting with Costco founder Jim Sinegal helped convince Jeff Bezos to rethink his prices.Business - CNBC - November 17 -
Musk’s ‘DOGE’ commission wants to cut trillions in government spending. Social Security and Medicare make prime targets.
Voters said they’ve had enough hardship. But Elon Musk says more is needed.Business - MarketWatch - 3 days ago -
Goodbye to low-tax Britain
One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shiftBusiness - Financial Times - October 30 -
Trump’s Tax Plans
Three scenarios for how Republicans could approach cutting taxes next year.Top stories - The New York Times - November 15 -
Tariffs and taxes are not very inflationary
Households will pay, but probably not through much higher pricesWorld - Financial Times - November 19 -
Firefighters battle wildfires on both coasts
From New Jersey to California, wildfires are continuing to rage on both coasts and despite current weather conditions offering some relief, the situation is far from over. NBC News’ George Solis ...Top stories - NBC News - November 11 -
AI, politics and the battle against misinformation
Discussion of the political impact of artificial intelligence from the FT’s Future of AI summitWorld - Financial Times - November 14 -
Inside the battle to be Trump’s Treasury secretary
Plus, Chinese ambassador to the US struggles to connect with president-elect’s inner circleWorld - Financial Times - November 19