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Trump Signs Sweeping Tax And Spending Bill That CBO Says Will Add $3.3 Trillion To US Deficit, Cut Health Coverage For 11.8 Million Americans
President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it as a historic win, even as the Congressional Budget Office projects it will significantly widen the federal deficit and leave millions uninsured.
Trump signs his tax and spending cut bill at the White House July 4 picnic
Trump signed the multitrillion-dollar legislation outside the White House, and then banged down the gavel that House Speaker Mike Johnson gifted him that was used during the bill’s final passage Thursday.
In July 4 ceremony, Trump signs tax and spending bill into law
U.S. President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging an outdoor ceremony on the Fourth of July holiday that took on the air of a Trump political rally.
Trump to Sign Major Tax-Cut and Spending Bill Into Law on Friday
Trump is expected to sign the bill on Friday around 5 p.m. ET at a White House celebration for the July 4 Independence Day holiday. The ceremony is expected to include a flyover by stealth bombers and fighter jets that took part in the recent U.
President Trump signs sweeping "big, beautiful bill" on the Fourth of July
President Trump commemorated Independence Day by signing a massive spending bill that increases funding for border security and the military, changes safety net programs like Medicaid, and adds over $3 trillion to the deficit over the next decade.
US Congress passes Trump's signature spending bill
The US Congress has passed Donald Trump's huge budget bill after days of votes in the Senate and House of Representatives. The final vote was delayed when Democratic Minority House Leader Hakeem Jeffries broke a record by speaking for more than eight hours on the floor.
Trump signs controversial spending bill during White House 4th of July celebrations
President Donald Trump celebrated the Fourth of July by signing his massive spending bill that narrowly passed in Congress this week.
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$3.1M deficit in district budget, federal prison for fentanyl dealer and more Bay County news
A Bay City man will get federal prison for selling fentanyl shipped from Arizona. Meanwhile, Bay City Public Schools adopted its budget for the upcoming school year—with a $3.1 million deficit. Those ...
Why some economists say the deficit increase in Trump’s bill is dangerous
The CBO says it would add $3.4 trillion to the deficit over the next decade. For decades, fiscal hawks have warned about the ...
US fiscal folly could create big, beautiful debt spiral
The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...
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Billionaire Ray Dalio Warns ‘Painful Disruptions’ Incoming as US National Debt Set To Shatter $425,000 per Household
Bridgewater Associates founder Ray Dalio is warning of severe economic and financial consequences after US President Trump's ...
Malay Mail2d
Global markets brush off deficit woes as Trump budget passes, US jobs impress
Wall Street stock indices finished at fresh records yesterday following solid US jobs data as President Donald Trump’s ...
Mexico News Daily3d
Mexico slashes budget deficit by US $8.5B as tax collection surges 8.9%
Total tax revenue for the January-May period was 2.41 trillion pesos (US $128.36 billion), 83 billion pesos higher than ...
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IMF warns Trump tax bill threatens US debt sustainability
The International Monetary Fund (IMF) has warned that President Trump’s tax bill, now nearing final approval, could make it ...
EconoTimes2d
Gold Prices Rebound Amid US Deficit Concerns and Tariff Uncertainty
Gold prices edged higher in Asian trading on Friday, rebounding from sharp losses in the previous session, as concerns over ...
GOP deficit hawks list complaints on megabill ahead of vote
A memo from deficit hawks in the House Freedom Caucus and others tore into the Senate-passed version of the “big, beautiful ...
Trump’s ‘Big Beautiful Bill’ May Not Be The Deficit Disaster Critics Claim — Here’s Why
The One Big Beautiful Bill to advance President Donald Trump’s agenda may not have the devastating impact on the national ...
Victoria Advocate2d
Stocks climb as strong US jobs data soothes growth worries
Wall Street stock indices finished at fresh records Thursday following solid US jobs data as President Donald Trump's ...
USD/CHF ticks down on renewed US tariff threats, fiscal concerns
EUR/USD fluctuates in a narrow range above 1.1750 on Friday and remains on track to end the week modestly higher. The ...