The Senate is now considering President Trump's one big beautiful bill. The legislation passed a key procedural hurdle late on Saturday night. The A's are 51, the nays are 49.The motion is agreed to. It's a 940 page piece of tax and spending legislation that came out Friday and now they're trying to go through this process of making some final changes, some final amendments. As the Senate Republicans are trying to figure this out, they're dealing with the splits in their own group over things like Medicaid, ...

I honestly think that investors today are more rightly focused on our fiscal trajectory today than they were 10 12 years ago. I do think the the the deficit and fiscal picture is potentially much more risky is potentially at risk of crowding out investments and and consumption because of the push in interest rates higher from the types of debt and deficits that we're seeing. When I look at American history, I see examples of how our political system was able to come together and really uh change our fiscal ...

RT Vonn (@itsthewealth4me)Trump’s “Big, Beautiful Bill” would:– Extend 2017 tax cuts– End federal tax on tips/overtime– Add a $1K newborn savings bonus– Boost defense ($150B) & immigration enforcement ($70–350B)– Cut Medicaid/SNAP (10M+ lose coverage)– End birthright citizenship– $2.4T+ to deficit ...

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 ...

The Congressional Budget Office, known in your hood as the CBO, estimated that the GOP's tax bill will increase the deficit by $2.4% trillion over the next 10 years. University of Pennsylvania's Wharton budget model estimates that estimates that it could increase by as much as $4.3% trillion with the Senate and House hoping to have a finished version of the tax bill ready by July 4th. This could be the next big piece of economic data.I want to bring in Brett Ryan, Deutschbank's senior US economist. And stil ...

[Music] Now for today's power player segment. Time is running out for senators to reach a deal on President Trump's tax plan. The president wants the big beautiful bill on his desk before July 4th.As the deadline closes in, it's still not clear to markets what the bill's economic impact will be. The White House Council of Economic Adviserss estimates growth from the new tax plan could slash up to $2.3% trillion from the deficit. But the Congressional Budget Office found the mega bill would add $2.4% trillio ...

Market Outlook - CNBC's Fed survey participants show growing optimism about the outlook for markets, anticipating a bounce back in the economy and stocks in 2026 [1] - The survey projects the S&P 500 to reach 6133 by year-end, a 15% increase, and 6625 in 2026, nearly a 10% increase from yesterday's close [2] - Equity markets are near all-time highs, anticipating certainty on tariffs, extension of the 2017 tax cuts, deregulation, AI productivity, and Fed easing, potentially leading to economic reacceleration in the second half into 2026 [2][3] Interest Rates and Monetary Policy - The survey indicates no expectation for a rate cut next month, with the funds rate remaining above the long run neutral rate into 2026 [4][5] - The survey builds in two rate cuts for this year and one for next year [4][5] Fiscal Policy and Deficit - 82% of respondents believe the tax bill will increase the deficit [3] - Opinions are divided on the tax bill's impact on growth, with 29% more optimistic, 29% less optimistic, and 43% believing it doesn't matter [3][4] Inflation and Tariffs - A 43% to 32% margin believes tariffs will be one-time price increases rather than creating broader inflation [6] - 61% of respondents anticipate tariff inflation is yet to come in the months ahead [6]

Where do we go from here. Because this has been a choppy year. But is the worst over in terms of the risk priced into the markets, given all that we're seeing geopolitical risk risks tied to the fiscal situation.This is the environment where one needs to justify it. They'll have because of the uncertainty rather than the direction. But and of course, it did work out this time as I mean, it does work out, you know, almost always.But it did work out, you know, compared to other approaches to hedging that eith ...

Our next guest is here to weigh in on the budget bill talks in Washington, US trade, and much more. Joining us right now is former New Hampshire Governor Chris Cenounu. And Governor, thanks for coming in today. Thanks for having me.All right, we've seen the House version. Now the Senate is out with its version, which is very different. I was going to say they did not leave things alone like the House Speaker had kind of been begging them, don't change this because we have such a thin majority.I'm not going ...

One way or another, you have to bring debt the deficit not only in the United States but other places but I'm focusing on the United States down to from a supply demand point of view down to about 3%. So that's the 3% of GDP that that's an amount that the market I think can digest. Um it will um affect also the supply demand.There are when I say three parts I think when we think of budgets we think of taxes and spending um but also interest has a huge effect. um a 1% change in the interest rate, 100 basis p ...