Debt
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X @Bloomberg
Bloomberg· 2025-07-09 10:10
Congress seems determined to test just how much debt the country can bear (via @opinion) https://t.co/Tv2fniZvD6 ...
X @The Economist
The Economist· 2025-07-09 01:20
Where can China’s millions of debtors find relief? Support groups for them have been growing online. The government has tried to show a modicum of sympathy with their plight https://t.co/TJvOcLDFfS ...
GOP needs to hope for ‘improvement in the economy’: Kasich reacts to megabill backlash
MSNBC· 2025-07-08 21:10
Healthcare Bill Impact - The bill is unpopular with Americans, with polls showing Republicans "underwater" on the issue [8] - The bill includes Medicaid cuts that are expected to cause hospital closures and have real-world effects [5] - Republicans are budgeting for people to be kicked off Medicaid to pay for tax cuts [2][13][14] - Work requirements for Medicaid eligibility are included, but their effectiveness and factual basis are questioned [2][6][7] Economic and Fiscal Implications - The bill is expected to increase debt and deficit [3][5] - Republicans argue that continuing tax cuts are critical for economic growth [9] - Democrats are labeling the bill as a cut to healthcare with tax cuts for the rich, increasing the debt [12] - The bill lacks fundamental reform in the healthcare system, focusing on cuts rather than improving health outcomes [17][21] Political Landscape - Democrats are likely to win the House in the midterm elections, partly due to the unpopularity of the bill [11][12] - Republicans face the challenge of countering the Democrats' narrative that the bill takes away healthcare [10] - The bill started as a tax policy exercise but became a healthcare conversation, for which Republicans were unprepared [24]
"What The F Are We Doing?" David Friedberg On BBB’s Deficit Increase & Trump vs. Elon
All-In Podcast· 2025-07-07 15:01
What are your thoughts, Freeberg, on the kurfluffle, the Donny Brookke, the bruhaha between Elon and President Trump? There's a lot of people that are making accurate declarations that federal spending needs to be reduced, the deficit needs to be shrunk, we are in a debt death spiral, and they are absolutely correct. So, I don't think that Elon is off the reservation when he makes those comments and he's talked about this continuously and he dedicated months of his life to operating Doge and trying to bring ...
X @Elon Musk
Elon Musk· 2025-07-06 23:29
The America Party is needed to fight the Republican/Democrat UnipartyThe Rabbit Hole (@TheRabbitHole84):Debt has consistently risen regardless of which party is in power https://t.co/XXoCw4BcxE ...
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-07-06 15:31
Defense Budget & National Debt - The defense budget is approximately $1 trillion [1] - Interest on national debt exceeds the $1 trillion defense budget [1] - The current situation with defense spending and national debt interest is unsustainable [1]
X @The Economist
The Economist· 2025-07-06 15:00
We shouldn’t be passing any legislation that makes the debt worse,” says @mayamacguineas. “We should be passing legislation that reduces the debt, doesn’t add a penny, let alone $5.5trn.” The new tax bill, on “Checks and Balancehttps://t.co/oyq4ZChc8y ...
X @Bloomberg
Bloomberg· 2025-07-04 07:06
Hong Kong builder Parkview is considering selling artwork worth over $25.5 million to pay down debt and help secure a refinancing deal linked to one of Beijing’s most iconic complexes, according to people familiar with the matter https://t.co/uYvrWmM4f0 ...
'The pain that is about to come': The reality of Trump's megabill takes hold
MSNBC· 2025-07-04 04:35
Government Spending & Policy - The US Congress passed a multi-trillion dollar spending bill that includes tax cuts, increased military spending, and funding for mass deportations, offset by cuts to food aid, clean energy, and Medicaid [1] - The bill is projected to add $33 trillion to the national debt [1] - A Democratic Super PAC poll indicated that nearly 50% of Americans were unfamiliar with the legislation [1] Healthcare & Social Safety Nets - The bill includes steep cuts to Medicaid and SNAP, potentially leading to millions of Americans losing access to coverage [1] - Republicans argue that Medicaid is in need of reform [1] - Some cuts in the bill will take effect after the midterms [2] - Rural hospitals are already facing tough decisions, including layoffs and service cuts, due to uncertainty about Medicaid funding [2] Political Landscape - The bill passed largely on party lines, demonstrating President Trump's dominance within the Republican party [1] - Some Republicans expressed concerns about the Medicaid cuts and the increase in the national debt [1] - Democrats are attacking the bill's overhaul of social safety net programs [1] - A Fox News poll indicated that 59% of people don't like the bill [2]
X @Bloomberg
Bloomberg· 2025-07-03 16:17
Commodity trading giant Glencore has a clause in its supply agreement with Prax Lindsey Oil Refinery enabling it to take control of its facility in northern England if the debt it’s owed isn’t repaid https://t.co/RxGJqftysd ...