Donald Trump has sent Congress a “rescission” package, requesting that it claw back $9.4bn of spending that it had previously approved. If Congress does not pass it by Friday, the government will be obliged to spend the money https://t.co/ONDVnOZUG8 ...

Fiscal Policy & Debt - The new bill is projected to add approximately $500 billion to the debt in the first five years, with $270 billion added in the next year [6] - The bill includes a $5 trillion increase in the debt ceiling, the largest in history, potentially diminishing the urgency to address the debt [7] - A proposed alternative was a three-month debt ceiling extension of about $500 billion, requiring more frequent votes on the matter [8] Tax Cuts & Economic Impact - The bill includes 100% depreciation, considered a pro-growth aspect that allows businesses to quickly expense capital expenditures like bulldozers and dump trucks [3][4] - The 100% depreciation was supported in 2017 and its continuation is viewed positively for the economy [4] Special Interests & Reform - The bill contains special tax expensing for Alaskan whale captains [8][11] - A reform on food stamps was included, but Alaska was exempted from rules to reform the system despite a 60% fraud rate [11]

The just-passed tax-and-spending package provides certainty for filers for the first time in years. Here's what you need to know. https://t.co/braA2eePS2 ...

Here are five ways the tax-and-spending package focuses on immigrants for savings https://t.co/dEXGNfkU72 ...

Trump to sign sweeping tax and spending bill into law https://t.co/fwMJ80Ybbm ...

House Republicans overcame a critical procedural hurdle to advance Donald Trump’s massive tax and spending package https://t.co/bY20OvIQpz ...

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]

After more than 24 hours of negotiations, the Senate has passed the bill. The overhaul of taxation and spending could spell trouble for America https://t.co/b7MWVWi2Ps ...

Income and Spending - Personal income decreased by 04% month-over-month, a notable shift from the strong performance throughout 2025 [1] - Spending also declined by 01% month-over-month, falling short of expectations [2] - Real spending experienced a decrease of 03%, contrasting with expectations of remaining near unchanged [3] Inflation Data - PCE increased by 01% month-over-month, aligning with expectations [4] - Year-over-year PCE stood at 23%, precisely as anticipated [4] - Core PCE rose by 02% month-over-month, exceeding expectations by 01% [5] - Core PCE year-over-year reached 27%, indicating a stickiness in inflation [5][6] Interest Rates - The 10-year Treasury yield experienced a decrease of approximately 12 basis points on the week, settling at 426% [7] - The 2-year Treasury yield saw a significant drop of nearly 20 basis points on the week, reaching 372-373% [7][8] - The report suggests that achieving the Federal Reserve's 2% inflation target remains challenging [7]

I'm very excited about about today. I believe this will be a transformational summit. Obviously very much concentrating on the spending, making sure that NATO collectively has the money and the capabilities to indeed given our long term threat of Russia, but also the massive build up of the military in China and the fact that North Korea, China, Iran are supporting the war efforts in Ukraine.It's really important that we spend more so that we'll be number one on the agenda today. A new plan when it comes to ...