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 ...

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 ...

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 ...

Interest Rate Impact - A 1% interest rate may solve the looming debt bubble [1] - A 1% interest rate provides an opportunity to refinance debt over an elongated period [1] - Minimal interest could make paying off massive debt more realistic [1] - Younger generations may be able to consider buying homes without massive debt overhang [1] Economic Consequences - The cost of goods will increase if interest rates go to 1% [1] - The value of the dollar will decrease significantly [2] Opportunities with Dollars - Opportunities include buying a house, buying a car, refinancing debt, and using credit cards [2]

How can you call yourself the Freedom Caucus if you vote for a DEBT SLAVERY bill with the biggest debt ceiling increase in history?@RepAndyHarrisMD @chiproytx ...

Let's set the scene. We talk about the first half of 2025. At the start of the year, the ten year yield was at 4.56%.It rose to 4.8% shortly before Donald Trump took office. After Liberation Day, it sunk to 3.86%. Now we're stuck at around 4.27%.That's a pretty wide range and it feels like everything has been priced in at some point during this year. What's not priced in. So what's nice about it so far, by the way.I'd say a couple of things. By the way, the best return opportunity this year across debt and ...

Let's get you straight to NBC's Julie Serikin on Capitol Hill. Also with us, NBC News, senior White House correspondent Gabe Gutierrez, Democratic strategist and former adviser to Bill and Hillary Clinton. Richard Goodstein is here with us and adviser to former House Speaker John Boehner.Mora Gillespie also in studio with us. And Julie, we'll start with you. As it stands now, just break down what's in the Senate's version of this bill and what we could see during this marathon voterama today.Yeah. Hey Ariel ...

Political Landscape & Election Analysis - Zoran Mam Donnie's unexpected victory over Andrew Cuomo in the Democratic nomination, with a shift from a 6% chance to winning [1] - Mam Donnie is a 75% favorite to beat Eric Adams, despite Adams' expected support [2] - The election reflects a broader trend of voters supporting Democratic socialists with unconventional platforms [2] - Young, college-educated white voters played a significant role in electing Zoran [16] Economic Factors & Student Debt Crisis - The rise in student loan debt from $500 billion to $2 trillion in the last 20 years is a key factor [7] - Approximately 40% of the 4 million annual college graduates have student loan debt [7] - Around 80 million young people have accumulated $1.5 trillion in new debt over the past 20 years, averaging $60,000 per person [7] - The increasing cost of college degrees has outpaced entry-level salary wage growth by 10 times over the last 20 years [18] - Student debt creates "negative capital," leading young people to seek government intervention and socialist solutions [11][12][13] Policy Proposals & Potential Consequences - Proposed policies include free buses, rent freezes, tripled affordable housing development, city-owned grocery stores, and a $30 minimum wage [3] - Concerns that high taxes will drive the top 10% of taxpayers, who contribute two-thirds of the tax base, to leave New York [20] - The federal student loan program needs reform, potentially replaced by private lenders with underwriting standards [26][27] Historical Parallels & Warnings - Socialism has historically failed in various countries when used to escape debt cycles [15] - Cities like San Francisco and Los Angeles are cited as examples of the "doom spiral" caused by socialist policies [18][22][23]

Carpet maker Victoria obtains a new £130 million debt line to help address its looming maturity wall https://t.co/BPLBQueEVt ...

Joining me right now, we have Senator Chris Van Galand of Maryland. Senator, it's good to see you again, sir. So, I do want to begin with the unexpected news that we got what 30 45 minutes ago or so about Senator Tom Tillis and the fact that he will not run again for reelection next year when he would have been up.Um, was this a surprise to you. It is a surprise. It's also an indication that uh Tom Tillis knows this is a very rotten bill.It's been clear from the beginning he had deep misgivings about uh thi ...