boosting the richest by $12,000 a year. Joining us right now is Phil Swagel. He's the director of the Congressional Budget Office.And Phil, let's talk through some of the criticism you've received. Russ Vought said on X that this bill reduces deficits by $1.4% trillion. When you adjust for the CBO's one big gimmick, not using a realistic current policy baseline.Caroline Leavitt said that the CBO assumes long term GDP growth of an anemic 1.8%. And that's absurd. And then you had President Trump himself sayin ...

Economic Sentiment - 56% of voters believe Trump is losing the battle against inflation, with 85% of Democrats, 24% of Republicans, and 61% of Independents agreeing [11] - 52% of voters think the U.S. economy is strong today, an increase of 6 percentage points since April 2025 [6] - 39% of voters believe the U.S. economy is on the right track, with inflation (34%) and immigration (32%) being the top two issues [6] Political Approval Ratings - Trump's approval rating stands at 46%, a decrease of 6 points from February 2025, with the highest support among Republican, male, 25-44 years old, white, and rural voters [2] - The Republican Party's approval rating is at 47%, down 5 points, while the Democratic Party's approval rating remains steady at 42% [6] Voter Perspectives on Policies - A majority of voters support most of Trump's policies, particularly on lowering prescription drug prices (84% support) and deporting illegal immigrants who have committed crimes (80% support) [6] - 67% of voters are aware of Trump's "Big Beautiful Bill," with 50% opposing it and 42% believing it will add too much to federal debt [11] Foreign Policy Views - 60% of voters support the administration's efforts to take out Iran's nuclear weapons program, with 85% stating Iran must not obtain nuclear weapons [13] - 73% of voters believe Russian President Putin is stalling in the Ukraine war, and 62% support continued U.S. military aid to Ukraine [16] Public Opinion on Key Figures - Voters have a more favorable view of Robert F. Kennedy Jr. (+6 net favorable) and Vice President J.D. Vance (+2) compared to less favorable views of Chuck Schumer (-14) and Elon Musk (-13) [6] - 49% of voters trust neither Trump nor Musk on economic policy, although more voters trust Trump over Musk by a net of 26 [11]

The federal government has as a core duty the right and responsibility to enforce immigration law and police the borders. That's what the government is. That's what the federal government is really.So if you contest that, it is like a threat to disunion fundamentally. I mean I think there's a lot at stake and we reached this point because a series of paradoxically weak federal governments allowed sanctuary cities to continue literally for decades. Each one its own form of insurrection against the central go ...

Learn why some people believe it was unconstitutional for the government to establish the Federal Reserve Bank and why they believe it should be abolished. https://t.co/WP0maaIuqi ...

12 June 2025 | 9:22AM EDT US Daily: A Slightly Smaller Tariff Effect (Mericle) Jan Hatzius +1(212)902-0394 | jan.hatzius@gs.com Goldman Sachs & Co. LLC Alec Phillips +1(202)637-3746 | alec.phillips@gs.com Goldman Sachs & Co. LLC David Mericle +1(212)357-2619 | david.mericle@gs.com Goldman Sachs & Co. LLC Ronnie Walker +1(917)343-4543 | ronnie.walker@gs.com Goldman Sachs & Co. LLC Manuel Abecasis +1(212)902-8357 | manuel.abecasis@gs.com Goldman Sachs & Co. LLC Elsie Peng +1(212)357-3137 | elsie.peng@gs.com G ...

She shoved an officer. She put hands on her officer. That's unacceptable.These ICE officers and when you when you cause a ruckus like that, then that makes that that that that facility unsecure because officers who should be dealing with the prisoners, very serious prisoner criminals in that facility. They're they're they're dealing with a ruckus outside. DOJ will win that case.I what I saw I think she put hands on an officer. She shoved an officer. She needs she needs to pay the consequences.Quote, she put ...

While mortgage rates hold steady for another week, affordability does rem remain a pain point in the housing market. Our next guest pointing to a mixed picture in leading indicators for demand. That's Jim Egan, Morgan Stanley, US housing strategist and co-head of securitized products research.Jim's here with me in the studio. Thanks for being here. Thank you for having me.So given that we have not seen that much movement on rates and notably not that much relief on rates, do we remain in this sort of stuck ...

[Music] The May consumer price index data showed a modest increase in inflation with CPI rising 0.1% month overmonth below the expected 0.2% with year-over-year headline inflation measured 2.4%. This reading has shifted some of the sentiment regarding interest rates after last week's stronger than expected labor data. The CME Fed Watch tool has increased the probability of a September rate cut from 6040 to 7030 after the release of the CPI data.The May CPI data suggests a cooling but stable inflation enviro ...

It's not at all uncommon for different duration treasury yields to rise and fall at different speeds, creating varied slopes of the yield curve to reflect market conditions. Much more rare is when different duration yields move in entirely opposite directions. Well, in recent weeks, 30-year Treasury yields have risen while shorter term yields have fallen.Pattern last seen in 2001. This shift is driven by a couple interesting factors. First, the Federal Reserve has cut short-term interest rates by 100 basis ...

It's not at all uncommon for different duration treasury yields to rise and fall at different speeds, creating varied slopes of the yield curve to reflect market conditions. Much more rare is when different duration yields move in entirely opposite directions. Well, in recent weeks, 30-year Treasury yields have risen while shorter term yields have fallen.Pattern last seen in 2001. This shift is driven by a couple interesting factors. First, the Federal Reserve has cut short-term interest rates by 100 basis ...