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Washington needs fiscal hawks, says Guggenheim’s Walsh #shorts #wealth #fiscal #politics #debt
Bloomberg Television· 2025-07-01 21:47
Fiscal Policy & Debt - The industry expresses concern about the rise of Modern Monetary Theory, which suggests debt doesn't need to be repaid if a country can print money, particularly with the US as the reserve currency [1] - The industry believes that mounting levels of debt and deficit spending are unsustainable [1] - The industry suggests the US government needs to be able to sustain itself, especially as the cost of interest for the Treasury is increasing [2] Bond Market & Risk - The industry anticipates significant issues among bond buyers due to accumulating debt and rising interest costs [2] - The industry observes that the term premium has increased, reflecting a sense of more risk associated with the US due to increased spending [2] - The industry advocates for fiscal conservatism to address these concerns [2]
A closer look at the big, beautiful bill.
Yahoo Finance· 2025-07-01 21:30
Deficit and Spending - The analysis indicates authorization of $3.8 trillion in deficit increases without offsetting measures, potentially signaling an end to constraints on congressional spending [1] - Repeal of IRA tax cuts significantly impacts energy stocks [2] Consumer Impact - Tariffs are viewed as a tax on US consumers, generating approximately $400 billion for the US Treasury [3] - New stimulus to the US consumer amounts to $166 billion, resulting in a net loss for the consumer when compared to tariff revenue [3][4] Healthcare Sector - Medicaid cuts are expected to have a substantial impact on hospitals [2]
X @Elon Musk
Elon Musk· 2025-07-01 19:14
Fiscal Policy Stance - Senator Rand Paul opposed Congress adding to the national debt [1] - Senator Rand Paul offered to vote for the bill if it included a 90% reduction in the debt ceiling [1] - The offer included no earmarks and no handouts, focusing on real fiscal reform [1] - Congress chose to sell out taxpayers instead of fiscal sanity [2] Proposed Fiscal Reform - The proposal aimed for a 90% reduction in the debt ceiling [1] - The proposal emphasized real fiscal reform [1] - The proposal rejected earmarks and handouts [1]
X @Bloomberg
Bloomberg· 2025-07-01 15:46
Bank of England Governor Andrew Bailey said high interest rates are having less of an impact on inflation because of Britain’s low levels of debt among both businesses and consumers https://t.co/AQMCkQIocq ...
Ray Dalio says debt bomb lurks, Trump and Musk exchange more heated remarks
Yahoo Finance· 2025-07-01 15:23
Market News & Concerns - Billionaire Ray Dalio expresses concerns over President Trump's tax bill, suggesting a potential debt crisis [1] - The market is reacting to tensions between President Trump and Tesla CEO Elon Musk regarding the tax bill [1] Key Figures & Companies - Mentions President Trump and Tesla CEO Elon Musk as key figures influencing market sentiment [1] - Yahoo Finance provides financial news and data [1] Resources & Platforms - Yahoo Finance offers free stock ticker data, news, and portfolio management resources [1] - Yahoo Finance is accessible via website (finance.yahoo.com) and mobile apps on Apple and Android [1] - Yahoo Finance maintains a presence on social media platforms including X, Instagram, TikTok, Facebook, and LinkedIn [1]
X @The Economist
The Economist· 2025-07-01 07:14
Germany’s finance minister has unveiled plans to borrow vast sums for a debt-funded infrastructure programme and a giant rearmament scheme. Three things have enabled this splash of cash https://t.co/LQXCcfWyb8 ...
'It's a nightmare': Top Dem slams GOP megabill's Medicaid, SNAP cuts
MSNBC· 2025-07-01 02:31
What does it mean for motans. Uh, this bill, it's a nightmare like every other state. One out of two people in my state is on Medicaid if they're in assisted living.So, think about that. So, this they are literally giving tax cuts to the wealthiest, $400,000 tax cut to multi-millionaires on the backs of people in assisted living, kids who are getting kicked off of food assistance. And it is, as just pointed out correctly, over $4 trillion in debt, which is going to mean increased mortgage rates.It's going t ...
Trump's 'debt bomb!' $3 trillion deficit-busting bill dubbed 'insane' by Musk (Melber report)
MSNBC· 2025-06-30 23:48
Breaking news out of Washington where the United States Senate is debating what would be as a factual matter the largest change and cut to the modern safety net in our time. President Trump's legislative agenda itself hangs in the balance. There are things in here that people think are very bad.Big cuts to healthcare. There are things that Trump says are very good. But all of it drives through this budget process.We can see the Senate floor where they have been having what they call a voterama. The final vo ...
X @Elon Musk
Elon Musk· 2025-06-30 23:18
Wise wordsRon Paul (@RonPaul):As was easily predictable, all the carrots they hung on the "Big Beautiful Bill" to get House Republicans to vote on it have been stripped from the Senate version.The only thing remaining is the massive increase in debt.As usual, Thomas Massie was right.Will the final https://t.co/XVarhMVAsE ...
X @Elon Musk
Elon Musk· 2025-06-30 22:58
They just pretend to be two parties.It’s just one uniparty in reality.The Rabbit Hole (@TheRabbitHole84):Debt under Democrats: 📈 ⬆️Debt under Republicans: 📈 ⬆️Neither of the major parties has been successful so far in addressing this issue. https://t.co/ZxFUsWGnfC ...