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Keywords: Tax Cuts
A quiet but impactful policy change within the "One Big Beautiful Bill Act" threatens to upend the U.S. health care system, potentially leaving emergency rooms (ERs) overwhelmed and nursing homes shuttered. The legislation, passed by Congressional Republicans, reduces the nationwide provider......
The United States Senate has launched an intensive debate over President Donald Trump's 940-page economic proposal, dubbed the “Big, Beautiful Bill.” The legislation offers significant tax cuts and deep reductions in healthcare and food assistance programs, prompting heated discussions......
The nonpartisan Congressional Budget Office (CBO) revised its forecast on Wednesday, lowering the expected cost of President Donald Trump’s tax-cut and spending legislation. The updated projection estimates the plan will increase the national debt by approximately $2.4 trillion, down from a previous......
On January 3, U.S. House of Representatives Speaker Mike Johnson secured reelection to the position by a narrow margin, showcasing the potential fractures within the Republican Party under President Donald Trump’s influence. Johnson’s victory in a roll-call vote, which lasted nearly two hours,......
The Federal Reserve is poised to announce a quarter-point reduction in its benchmark interest rate, lowering it from approximately 4.6% to around 4.3%. While this marks a continuation of recent cuts, the pace of rate reductions is expected to slow in 2025, signaling a shift in the central bank's......
U.S. President-elect Donald Trump has selected billionaire investor and hedge fund manager Scott Bessent to serve as Treasury Secretary, marking a critical appointment in shaping his economic agenda. The announcement comes during a wave of high-profile cabinet nominations following a withdrawal by Trump’s......
In a decisive electoral outcome, Donald Trump has secured his return to the White House, garnering 72,652,827 votes (50.8%) against Kamala Harris's 67,941,881 votes (47.5%). With the Republican Party regaining control of the Senate, Trump is poised to advance his political agenda with considerable......