June 10, 2025

Legislation

Crypto

Democrats are drawing closer to the crypto industry despite Trump divisions

WASHINGTON (AP) — As President Donald Trump builds a crypto empire — including hosting a private dinner with top investors at his golf club — Democrats have united in condemning what they call blatant corruption from the White House. But the Democratic Party’s own relationship with the emerging crypto industry is far less cut and

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Investors

Can Trump fix the national debt? Republican senators, many investors, and even Musk have doubts.

“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

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Investors

Elon Musk, Republican senators, many investors have doubts that Trump can fix national debt

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

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Investors

Can Trump fix the US debt? Even Elon Musk has doubts

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

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Investors

Trump’s big, beautiful tax bill has investors concened about debt

It’s the second stretch this spring that stocks and bonds, along with the dollar, have slumped in sync — a rare trifecta we last saw in April when Trump’s tariffs spooked investors. “They were getting yippy,” Trump said of investors as he explained his decision last month to delay so-called reciprocal tariffs, a move that

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Crypto

Senate advances legislation to regulate stablecoins, a form of cryptocurrency

WASHINGTON — The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure. Monday’s 66-32 procedural vote keeps one of President Donald Trump’s top legislative priorities on track for passage and highlights the growing political strength of the cryptocurrency industry, which spent

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Mortgage

House Republicans seek to scale back VA mortgage bailout program for veterans in foreclosure

Rep. Mike Bost, R-Ill., chairman of the House Veterans’ Affairs Committee, has introduced legislation to cap the number of direct loans that the Department of Veterans Affairs can repurchase through the Veterans Affairs Servicing Program for delinquent agency-backed home loans. (Stars and Stripes) WASHINGTON — A mortgage bailout program that has kept more than 15,000

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