The US debt is about the same as its entire economic output and is projected to grow if Trump’s megabill passes.
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Some worry about adding to the already ballooning national debt, while others applaud extending the Tax Cuts and Jobs Act.
The so-called “golden share” in US Steel would grant the US federal government a de facto veto over key decisions.
The outlook for clean energy was already looking dim under Trump, who has promised to cut clean-energy while boosting oil, gas, and coal.
The Budget Lab projects that, with the current tariff levels, US and Chinese economies would both be 0.6% smaller in the long run.
When yields rise, it suggests a selloff, and it also means likely higher costs of borrowing for companies as well as the government.
Jamie Dimon warned inflation is likely going up and Larry Fink said the economy might already be in recession.
Tariffs could be in effect for years to come and play havoc on portfolios in the coming months.
All executive departments and agencies have been asked to transition to Electronic Funds Transfer (EFT) methods.
The deal would link the Oval Office’s head honcho with a crypto exchange that pleaded guilty to money laundering two years ago.
Tesla’s stock closed down for a record seventh consecutive week on Friday, and has nearly erased a $700 billion post-election rally.
On Tuesday, President Donald Trump slapped import duties on Canada and Mexico, kicking off a full-fledged economic war.
The latest data suggests markets and manufacturers aren’t taking Trump’s tariffs on Mexico, Canada, and China all that well.
The price of all five coins popped following Trump’s post, with bitcoin mostly recovering from its slump last week to top $94K.
The Department of Labor was granted a 60-day pause by a federal judge to review its appeal in two court cases.