Government & Finance - Venmo and PayPal users can now send money to the US government [1] - The purpose is to help pay down the $366 trillion (366,000 billion) national debt [1]

This is the definition of insanity.Jack Corbett (@jackcorrbit):you can venmo the United States to help pay off the national debt https://t.co/UBfSvbAIx0 ...

RT Wall Street Mav (@WallStreetMav)For June 2025:US govt revenue $526 billionUS gov interest payments $144 billionOn our $37 trillion debt, we paid 27% of all govt revenue in interest payments for the national debt. https://t.co/QzGgw9fdDJ ...

The nonpartisan Congressional Budget Office says Trump’s recently passed “big, beautiful bill” will add $3.4 trillion to the national debt and could result in 10 million people losing their health insurance. A new CNN poll shows 61% of Americans view the bill unfavorably. Morning Joe breaks down why voters may be turning against the bill and how the fallout could shape the 2026 midterms. For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/ » Subscrib ...

That was Treasury Secretary Scott Besson on Squawkbox touting great inflation numbers after the president has repeatedly called for Fed chair Jay Powell to not just lower rates but also to be replaced as Fed chair. But our next guest says firing him could actually push inflation higher. Let's bring in Greg Eb.He's the chief economics commentator at the Wall Street Journal. Greg, it's good to see you. And I I assume because you know the the whole idea you run policy looser than you're supposed to, you get hi ...

French PM looks to scrap two public holidays in bold bid to cut national debt https://t.co/NWKp3KtXg8 ...

Fiscal Policy & Economic Impact - The legislation cuts taxes for the top 01% of the population, impacting vulnerable people and healthcare prospects [3][4][5] - The bill is projected to increase the nation's deficit and debt, potentially leading to higher interest rates and reduced investment [6][7] - Borrowing as an alternative to tax raising or spending cutting postpones adjustments and increases the risk of economic vulnerability [9] - The policy raises concerns about the US's position as the world's greatest debtor and its impact on global power [10] Healthcare Implications - The bill could lead to reduced access to healthcare, particularly in rural areas, due to hospital closures and limited rehabilitation facilities [3][5] - Healthcare costs may increase for all citizens as hospitals pass on the costs of treating uninsured individuals [5] Geopolitical & Competitive Concerns - Increased debt and reduced investment could make the US less competitive with countries like China [7][10]

Political Landscape - Elon Musk emerged as a significant Republican donor in 2024, contributing $290 million to support Republican candidates [2] - Musk intends to establish a new political party named the America Party [2] - Establishing a recognized political party requires fulfilling numerous requirements, including creating state-level organizations and adhering to state laws regarding ballot access [3] - The America Party needs to demonstrate its own governing rules, maintain a physical office, and engage in party-building activities such as voter registration drives [4] - The dominance of the Republican and Democratic parties in the US is attributed to their efforts to limit competition through election laws [4] Voter Sentiment - 58% of voters expressed the need for a third party in the US in October 2024 [5] - Musk plans to make the national debt the central issue of his party [5] - The level of voter support for addressing the national debt as a primary issue remains uncertain [5]

Bill's Impact & Political Divide - The bill is perceived to increase the national debt by $20 trillion over the next decade [5][10] - The bill is criticized for disproportionately benefiting billionaires and multinational corporations while potentially harming middle and working-class individuals [11][27] - The President's remarks about hating Democrats for opposing the bill are seen as divisive and not representative of unifying leadership [6][7][9] - The bill is considered one of the worst pieces of legislation in recent memory, negatively impacting vulnerable Americans [28] Healthcare Concerns - The bill is expected to cause hundreds of thousands of people to lose healthcare coverage [17] - Planned Parenthood of Colorado will no longer accept Medicaid coverage, affecting 15,000 patients, predominantly underserved women [18] - Rural hospitals are facing a crisis and are preparing for massive cuts, potentially leading to the closure of services [23][25] - Approximately 50% of children in rural America receive healthcare through Medicaid, highlighting the bill's potential impact on rural families [24] Veterans Affairs - The bill cuts SNAP benefits for veterans, affecting their basic food assistance [30] - Tens of thousands of VA employees may lose their jobs due to the bill [31]

Market Overview & Key Topics - Fidelity's Market Sense discusses the passage of the tax and spending bill and ongoing tariff negotiations [1] - The discussion includes the latest happenings in the markets as the second half of 2025 begins [1] Fiscal Policy & Legislation - The program covers topics such as the "Big Beautiful Bill," tariffs, and tax cuts [1] - Specific legislation mentioned includes TCJA (Tax Cuts and Jobs Act) and SALT (State and Local Tax) [1] Social Programs & Benefits - Social Security and the Child Tax Credit are discussed [1] - HSA (Health Savings Account) and 529 plans are also covered [1] Economic Impact & Concerns - The potential impact of the Tax & Spending Law on the economy is analyzed [1] - The discussion includes the national debt [1]