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Trump’s victory means fewer Fed rate cuts
“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.Business - MarketWatch - November 6 -
Medicaid cuts in crosshairs as Trump, GOP take control
Significant cuts to Medicaid could be on the table next Congress as President-elect Trump and Republicans look for ways to offset tax cuts and streamline government spending. Republicans on Capitol ...Politics - The Hill - 3 days ago -
Trump Media plummets 22%, cutting into DJT rally days before election
Republican presidential nominee Donald Trump owns nearly 57% of the company, which trades as DJT on the Nasdaq.Business - CNBC - October 30 -
TotalEnergies chief warns Trump against cutting climate rules
Patrick Pouyanné says a return to ‘wild west’ would provoke backlash for oil and gas companiesBusiness - Financial Times - November 3 -
Wall Street reacts to Trump win as Fed weighs interest rate cut
President-elect Trump’s victory spurred a surge on Wall Street with the Dow Jones, S&P and Nasdaq reaching record highs. It comes as the Federal Reserve is weighing another interest rate cut with a ...Top stories - NBC News - November 7 -
US central bank boss says Trump can't fire him
The US central bank cuts interest rates, as its chairman vows to stay on the job.Top stories - BBC News - November 7 -
Trump’s win and the Fed’s rate cut are giving the stock market an open road
S&P 500 races ahead, and opportunities surface in solar power and crypto.Business - MarketWatch - November 7 -
Goldman Sachs cuts European growth and earnings forecasts as Trump tariffs loom
The Trump regime will hit European economic growth and reduce company earnings, though the continent’s defense sector may prosper.Business - MarketWatch - November 8 -
Europe Urges Trump to Support Ukraine but Braces for Possible Cut in U.S. Aid
European leaders have discussed how to help Ukraine fend off Russia without Washington’s support, even as they try to convince the president-elect not to cut aid to Kyiv.World - The Wall Street Journal - November 8 -
Steve Madden says it will cut production in China to avoid Trump tariffs
The footwear- and accessory-maker says it already has a plan in place to reduce its reliance on imports from China.Top stories - CBS News - November 8 -
Trump Will Likely Cut the Ribbons on Biden’s Factories and Infrastructure Projects
The outgoing president funded new plants and big economic initiatives, but his successor may be able to put his name on the finished products.Business - Inc. - November 12 -
Elon Musk handpicked by Trump to carry out slash-and-burn cuts plan
World’s richest man has been an enthusiastic cost-cutter – but he may find the public sector an entirely different beast. Donald Trump, president-elect of the US, announced on Tuesday that he has ...World - The Guardian - November 13 -
Companies rush to US bond market as Trump rally cuts borrowing costs
Borrowers ‘strike while the iron’s hot’ to raise more than $50bn this weekBusiness - Financial Times - November 15 -
Trump may again seek cuts to Medicaid. Here’s who would be affected.
Experts say real spending reform will have to come in the form of cuts to Social Security and government health-insurance programs like Medicare and Medicaid.Business - MarketWatch - November 16 -
The markets could have the final say on Trump’s tax cuts and tariffs
Financial markets could wind up as the final arbiter about whether he has gone too far.Politics - The Hill - November 15 -
Trump advisers contemplating cuts to Medicaid and other welfare programs
Further plans include blows to food stamps that could threaten millions of Americans to fund tax cut extensions . Donald Trump ’s economic advisers and congressional Republicans are discussing ...World - The Guardian - 6 days ago -
How Trump and Republicans could pay for new tax cuts
President-elect Trump and Republican lawmakers are gearing up to push a massive tax-cut bill through Congress next year but will face pressure to find ways to cover the costs. While Trump and many ...Politics - The Hill - 5 days ago -
How likely are major cuts from Trump, Musk and Ramaswamy's "DOGE"
President-elect Donald Trump's Department of Government Efficiency, headed by Elon Musk and Vivek Ramaswamy, has vowed to cut $2 trillion in government spending. CBS News MoneyWatch correspondent ...Top stories - CBS News - 5 days ago -
How Trump’s Tax Cuts and Tariffs Could Turn Into Law
Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.Business - The New York Times - 5 days ago -
Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?
Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.Business - The New York Times - Yesterday -
How Trump can cut the regulatory red tape to launch rockets — and companies
The next administration can help to accelerate America’s lead in space. Now let’s reduce the payload weight by getting the regulators off the rocket.Politics - The Hill - 8 hours ago -
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 -
Harris cuts ad featuring MSG Trump rally Puerto Rico 'garbage' joke
Vice President Harris’s campaign wasted no time making hay of the backlash against a crude comedy set at former President Trump’s Madison Square Garden (MSG) rally on Sunday. The Harris campaign on ...Politics - The Hill - October 28 -
Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post
In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...Top stories - NBC News - October 30 -
Possible Trump Treasury secretary says he'd work with Musk to cut federal spending
Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...Politics - The Hill - October 30 -
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 -
Stock-market investors should treat Trump and Harris election playbooks with caution
Wall Street makes trading elections sound as easy as falling off a log. Reality often disappoints.Business - MarketWatch - November 4 -
Here’s what can stall Trump’s tax and tariff plans
Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.Business - MarketWatch - November 6 -
Reeves hints UK will urge Trump not to raise tariffs as economists fear his policies will cut growth – UK politics live
Chancellor says UK’s trading relationship with US is ‘absolutely crucial’ and promises not to be a ‘passive actor’. Another Labour politician who has criticised Donald Trump strongly in the past ...World - The Guardian - November 6 -
Interest rate cut expected from Fed, U.S. markets surge after Trump election win
Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...Top stories - CBS News - November 7 -
Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs
Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview.Business - CNBC - November 7 -
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
The president-elect’s plan may do more harm than good, experts said.Business - MarketWatch - November 8 -
Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.Business - CNBC - November 7 -
How Trump’s win and the latest interest-rate cut will affect you as a consumer, homeowner and investor
Also: Expensive stocks, a Medicare warning and another milestone for Nvidia.Business - MarketWatch - November 8 -
What to expect when President Trump tries to make tax cut promises reality, even with GOP sweep in Congress
Trump promised tax cuts for individuals and businesses. With deficit hawks in the GOP and bond market fixated on rising debt, a GOP sweep may not be enough.Business - CNBC - November 12 -
'The market is right': Former Fed policymaker Mester sees fewer rate cuts next year after Trump's victory
The U.S. Federal Reserve could carry out fewer rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta ...Business - CNBC - November 12 -
Mortgage rates inch closer to 7% after Fed rate cut and Trump’s win
Mortgage applications rose 0.5% in the past week, the Mortgage Bankers Association said.Business - MarketWatch - November 13 -
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