Us Debt Faces Record As Trump and Gop Plan Tax Cuts
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Senate GOP spikes House tax plans
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP rejects House conservative tax pitch Senate Republicans are tossing ...The Hill - 49m -
GOP budget menu outlines sweeping spending cuts
Politico - 9h -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - 11h -
Will Trump plan to label Mexican cartels as terrorists bring US military strikes?
President-elect wants to ‘wage war’ on drug cartels; critics say he should stop US arms used in the drug war. Al-Qaida, Hezbollah, the Islamic State – the list of foreign terrorist organisations ...The Guardian - 12h -
Trump set to break the all-time federal debt record amid inflation battle
“Don’t hold your breath,” for deficit reduction, says a Bank of America economist.MarketWatch - 6h -
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - 7h -
Senate GOP rejects House conservative pitch on corporate tax rates
House conservative proposals to raise corporate taxes to offset the cost of President-elect Trump’s tax package are going over like lead balloons in the Senate, where Republicans are warning their ...The Hill - 13h -
Trump’s Treasury pick warns unwinding tax cuts would spark ‘economic calamity’
Scott Bessent also tells US senators in heated confirmation hearing that he backs tougher sanctions on Russian oilFinancial Times - 1d -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - 1d -
These five Republicans are ready to derail Trump's tax cuts over the SALT cap
President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.CNBC - 1d -
What 11-word phrase can be used to stop debt collectors?
This simple phrase can be used with debt collectors to help stop their aggressive collection attempts.CBS News - 1d -
Everton’s plan to cut short Armando Broja loan hits hitch with Chelsea
Chelsea ask for total loan cost to be paid before return Striker is injured and set to miss most of rest of season Everton’s attempt to cut short Armando Broja’s loan has hit complications with ...The Guardian - 1d -
GOP rep to reintroduce bill to eliminate taxes on overtime pay
A Republican House member is reintroducing legislation Wednesday that would eliminate taxes on overtime pay, an idea that has gained momentum among some lawmakers after President-elect Trump touted ...The Hill - 2d -
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.CBS News - 2d -
How do UK regulators plan to cut back rules and boost growth?
Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economyFinancial Times - 2d -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - 3d -
What are the challenges facing the government's AI action plan?
Sir Keir Starmer has unveiled proposals which he says will make the UK 'one of the great AI superpowers'.BBC News - 4d -
Gazprom considers record job cuts as Ukraine war ravages finances
Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on lineFinancial Times - 4d -
Trump frustrated with GOP lawmakers over debt-limit quandary
President-elect Trump wants congressional Republicans to figure out a way to avoid a default on the national debt after venting his frustration with the Senate GOP over their failure to raise the ...The Hill - 4d -
House GOP lawmakers raised alternative debt limit plays in huddle with Trump
President-elect Trump and House Republicans in favor of raising the state and local tax (SALT) deduction cap discussed lifting the debt limit in legislative vehicles other than the "big, beautiful ...The Hill - 5d -
Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers
The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.The New York Times - 5d -
More than a million student loan borrowers got debt forgiven in 2024. What to know at tax time
If your student loans were forgiven in 2024, you may be wondering if there are any tax implications.CNBC - 5d -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - 5d -
House Republicans face massive debt problem
House Republicans have a problem. They want to pass a massive agenda for President-elect Trump, preferably in his first 100 days of office. And they don’t want to add to the federal deficit. That ...The Hill - 6d -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - 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 -
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 -
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 -
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 -
GOP memo: Congress likely can't slash certain infrastructure law programs for tax cuts
Politico - Jan. 6 -
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 -
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 -
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