President Trump's domestic agenda is now facing a new and major setback. This is on the budget and some of the things that Trump and the MAGA crowd want to ram through the budget, which is despite everything going on obviously in the world, still Donald Trump and the Republican party's greatest priority, getting this done somehow. And yet, as you're going to see in this breaking news, Republican senators are dealing with the setback in real time today.Well, I mean, as you know, it's pretty frustrating, righ ...

President Donald Trump's requested budget and the proposed GOP budget would eliminate federal grants for some students, and limit the total amount others can receive. https://t.co/LoSb2FdS0v ...

The Senate Armed Services Committee holds a hearing on Department of Defense budget request for fiscal year 2026 and the future years defense program. Defense Secretary Pete Hegseth testifies at the hearing on Wednesday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC ...

Well, there's a proposed cut in the president's budget for 2026 that's quite substantial. I think on the order of $17 billion, but for this year, the NIH is very far behind their spending goals. And so, they're about $2.3% billion right now behind where they would normally be if they were spending the budget that was allocated for 2025.And this is going to set up a difficult situation towards the end of the year. either NIH is going to have to spend that money out money, which means they're going to have to ...

New graduates are entering into one of the toughest job markets in recent history with unemployment rates for recent grads hitting 5.8% compared to just 4% for all workers. So, it's a crucial time for young people to make smart financial moves. I want to bring in Dena Healey who is the Prize Financial Vice President of Financial Planning and Advice.Great to have you here in studio with us. You have four pillars of advice for new graduates. Study your benefits, establish a strong credit history, develop a bu ...

Senate Republicans are expected to propose revisions to key tax and healthc care policies in the President Trump backed budget bill this week as lawmakers rush to get the bill done by July 4th. Congress members and key White House officials are expected to meet as early as Thursday. Joining us now on this, we've got Kevin Brady.He is former chair of the House Ways and Means Committee and architect of President Trump's original tax cuts. It's great to have you on this morning, Congressman. Thank you so much ...

Tax & Healthcare Policy Revisions - Senate Republicans are expected to propose revisions to key tax and healthcare policies, aiming for completion by July 4th [1] - Revisions may include adjustments to Medicaid savings (slowing growth, not cuts), discussions on SALT (State and Local Tax) deductions, and the Inflation Reduction Act [4] Economic Growth & Tax Rates - Locking in lower tax rates permanently, including low corporate tax, is crucial for job creation and innovation [7] - Fully restoring key business provisions (expensing, R&D, interest deductibility) and making the small business Main Street tax deduction of 20% permanent are seen as pro-growth measures [7] Deficit & Revenue - Estimates suggest the bill could add $2.5 trillion (Congressional Budget Office estimate) to the US deficit over a decade [8][9] - Growth can significantly impact revenue, as seen in 2017 when lowering the corporate tax rate from 35% to 21% resulted in higher revenue collection than projected [10] Tariff Policy & Trade - The speaker is generally not in favor of tariffs, except as a remedy for unfair trade practices, as they can drive up costs, slow the economy, and invite retaliation [14] - Anchoring crucial security-critical supply lines in the US and running them through reliable trading partners is important [15] - Canada and Mexico buy five times more "Made in America" products than China, highlighting the importance of positive trade relationships with these countries [17] Foreign Investment - Republicans generally believe in the growth and importance of foreign direct investment, which constitutes a sixth of the US economy [19] - A provision was added to deter OECD countries from implementing global minimum tax pillar 2, which could weaken US growth incentives and sovereignty over tax law [21]