Tag #National Debt

Showing 37 to 48 of 75 results

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Musk Slams Trump's "One Big Beautiful Bill" as "Disgusting Abomination", Predicting Massive Debt Increase

Elon Musk vehemently criticized the House-passed "One Big Beautiful Bill Act," calling it a "disgusting abomination" due to its projected $2.5 trillion addition to the national debt, a claim partially supported by the Congressional Budget Office's projection of a $3.8 trillion debt increase over the...

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forbes.com
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Bond Market Turmoil: Policy Missteps and Fiscal Recklessness Drive Yields Higher

In 2025, the U.S. bond market experienced extreme volatility as the 10-year Treasury yield swung between 4.0% and 4.47%, driven by policy missteps (tariffs, One Big Beautiful Bill Act), inflation fears, and a credit downgrade; Treasury Secretary Bessent's aim to lower yields is proving elusive.

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aljazeera.com
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Trump's Budget Bill Faces Criticism Amidst Debt Concerns and Internal Republican Divisions

President Trump's "One Big Beautiful Bill," a budget bill containing tax cuts, border wall funding, and controversial work requirements for social programs, faces criticism from government advisor Elon Musk and opposition within the Republican party, despite narrowly passing the House of Representat...

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theguardian.com
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House Passes Controversial Republican Bill Amid Late-Night Backlash

The House passed a Republican bill, nicknamed "Trump's big, beautiful bill," by a 215-214 vote, prompting criticism from late-night hosts for its cuts to social programs, increase in national debt, and other provisions, such as the elimination of the registration fee for gun silencers.

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lefigaro.fr
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US House Passes Tax Cut Bill, Increasing National Debt by $3.8 Trillion

The US House passed a bill extending 2017 tax cuts by a narrow margin, increasing the national debt by $3.8 trillion over ten years and raising the debt ceiling by $4 trillion to prevent a default; the bill now moves to the Senate.

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theguardian.com
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US House Passes $3.8 Trillion Tax and Spending Bill, Adding to National Debt

The Republican-controlled US House passed a $3.8 trillion tax and spending bill on Thursday, increasing the national debt and including tax breaks, boosted military spending, stricter immigration enforcement, and cuts to social programs; the bill now heads to the Senate.

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dailymail.co.uk
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Leavitt Attacks Paul Over GOP Spending Bill, Citing $4 Trillion Tax Hike

White House Press Secretary Karoline Leavitt attacked Senator Rand Paul (R-KY) for opposing the GOP spending bill, warning of a $4 trillion tax hike; Paul countered that the bill's increased spending exceeds projected savings and inflates border wall costs, exacerbating the national debt.

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foxnews.com
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GOP Tax Plan Projected to Reduce Revenue by $4 Trillion

The GOP tax plan is projected to reduce U.S. revenue by nearly $4 trillion over ten years, according to the Joint Committee on Taxation, despite the House passing the "One Big Beautiful Bill Act," which increases the national debt; this action faced opposition from some Republicans and Democrats.

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us.cnn.com
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U.S. Sends Envoy to Israel After Embassy Shooting

Following a terrorist attack in Washington D.C. that killed two Israeli Embassy staffers, Homeland Security Secretary Kristi Noem will travel to Israel Sunday night to show U.S. support, while the Justice Department investigates the suspect, Elias Rodriguez, and his potential ties to extremist group...

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kathimerini.gr
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House Passes Trump's Tax and Spending Bill, Sparking Debt Concerns

The Republican-controlled House narrowly passed a tax and spending bill (215-214, one abstention) championed by Donald Trump, despite internal divisions and Democratic opposition, raising concerns about increased national debt and cuts to social programs.

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npr.org
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Sell America Trade: US Bond Sell-off Triggers Market Volatility

On Wednesday, the Dow dropped almost 2% as investors sold off U.S. government bonds, pushing yields above 5%, reflecting concerns about a near-$2 trillion national deficit, Moody's downgrade, and the impact of President Trump's tariffs.

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foxnews.com
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White House Backs "One Big Beautiful Bill," Urging Immediate Passage Despite GOP Divisions

The White House strongly supports the House Republicans' "One Big Beautiful Bill Act," urging immediate passage to fulfill President Trump's agenda, despite internal GOP disagreements over Medicaid and the Inflation Reduction Act.

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Showing 37 to 48 of 75 results