“All of this rhetoric about cutting trillions of dollars of spending has come to nothing — and the tax bill codifies that,” said Michael Strain, director of economic policy studies at the American Enterprise Institute, a right-leaning think tank. “There is a level of concern about the competence of Congress and this administration and that
The White House has viciously lashed out at anyone who has voiced concern about the debt snowballing under Trump, even though it did exactly that in his first term after his 2017 tax cuts. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. White House press secretary
WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All
WASHINGTON, DC – MAY 22: U.S. Speaker of the House Mike Johnson (R-LA) speaks to the media after the … More House narrowly passed a bill forwarding President Donald Trump’s agenda at the U.S. Capitol on May 22, 2025 in Washington, DC. The tax and spending legislation, in what has been called the “One, Big,
Jeremy Poland/Getty Images “A taxpayer must render unto Caesar what is Caesar’s, but no more,” Chief Justice John Roberts wrote in the U.S. Supreme Court’s unanimous 2023 decision in Tyler v. Hennepin County. The landmark ruling reaffirmed a basic constitutional principle: When the government takes a home to settle a tax debt, it cannot keep
Calling someone “chicken” might sound like a playground insult, but it’s exactly the label some financial investors have begun attaching to US president Donald Trump. The “Taco” trade, short for “Trump Always Chickens Out”, has gained traction in financial circles in recent weeks, as investors come to believe that whenever markets begin to slide as
Benzinga | Detroit Free Press JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg Magnificent 7 tech giants saw gains in May, too,
Retirees and other dividend investors are searching for good stocks to add to their self-directed Tax-Free Savings Account (TFSA) focused on generating reliable and growing passive income. Canadian Natural Resources Canadian Natural Resources (TSX:CNQ) is Canada’s largest energy company with a current market capitalization near $90 billion. The stock is down about 18% in the
From Treasuries to Bitcoin, the pursuit of safety is reshaping how investors allocate and exit their capital. Unsplash+ In times of stress, wealth always chases after safety, but in 2025, the definition of “safe” has become much murkier. The investment landscape for high-net-worth (HNW) investors is undergoing a significant transformation, and the definition of safe
By Stephen Culp and Suzanne McGee NEW YORK (Reuters) -Four months into President Donald Trump’s second term, market observers have taken a cue from his fondness for condensing slogans into catchy acronyms like MAGA, DOGE and MAHA, and devised a few of their own that have been spreading across trading desks. Even those acronyms that