RT Mario Nawfal (@MarioNawfal)THE $37 TRILLION TIME BOMBTake a look at U.S. national debt from 1900 to 2020. Flat for nearly a century…then boom - exponential since the '80s.Now it's over $37 trillion!!At some point, the curve has to flatten. If not by choice, then by crisis.Because all debt gets paid - either through inflation, taxes, or broken promises.Time for D.C. to stop spending like there’s no tomorrow...because tomorrow’s looking expensive. ...

We're going to pass this bill one way or the other. And I have prevailed upon my Senate colleagues to please, please, please as close to the House product as possible. Please, please, please.House Speaker Mike Johnson pleading with the Senate to keep its version of President Trump's mega bill as close as possible to what the House passed back in May. Good morning. Welcome to Morning Joe.It is Tuesday, July 1st. I'm Willie Gist. Great to be back with you.The Senate is nearly a full day now into a voterama, a ...

Hammy Baldwin of Wisconsin taking a break from voterama. Senator Baldwin, are there any Republicans that are going to vote no this evening. The It remains to be seen.And if you can believe it, I believe they are still writing portions of this bill because they are discovering based on the massive input from constituents across the country that this bill is deeply unpopular. Turns out that people don't like uh bills that cut 17 million people off of their health care. And people don't like the idea of taking ...

>> THIS IS BALANCE OF POWER, FROM WASHINGTON, D. C. >> TO OUR TV AND RADIO AUDIENCES WORLDWIDE, WELCOME TO BALANCE OF POWER.I'M ON CAPITOL HILL. TONIGHT, BOOM OR BUST FOR THE LONG PROMISED TAX BILL IN THE SENATE. TRUMP: TODAY I SIGNED THIS BILL UNTIL ALMOST EVERY MAJOR PROMISE MADE IN THE CAMPAIGN ALREADY WILL HAVE BECOME A PROMISE KEPT.>> I AM CONFIDENT THE BILL WILL PROGRESS, AS IS OVER THE NEXT FEW HOURS AND IT WILL BE ON THE PRESIDENT'S DESK TO SIGN ON JULY 4. >> IF SENATE REPUBLICANS WILL NOT TELL AMER ...

Just as the Senate has begun voting on what's known as the big, beautiful bill. You look at the latest version of the tax bill. The big question that remains is the GOP holdouts.What kind of deal can be cut with those holdouts. And what are you and the president prepared to offer for support. Well, I'm confident that the bill is going to progress, as is over the next few hours, and it'll be on the president's desk to sign on July 4th.So the Senate Senate will vote, pass it over to the House. We've seen incr ...

Let's turn now to Washington where later this morning the Senate is expected to begin what's known as voterama only in Washington DC on President Trump's sweeping domestic policy package. It comes after late on Saturday the Republican le Senate advanced the package following a dramatic drawn out process that spanned hours bringing it one step closer to passage. It narrowly advanced after Majority Leader John Thoon and Vice President JD Vance struck a deal with the holdouts.Trump also stayed in Washington ov ...

BREAKING: US National Debt hits $37 TRILLION https://t.co/GxtiCwyy6t ...

If this continues, America goes de facto bankrupt and all tax revenue will go to paying interest on the national debt with nothing left for anything else.Wall Street Mav (@WallStreetMav):How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest in $37 trillion in govt debt?Annually:US govt total reveneue = about $5 trillionUS govt interest on debt = about $1.2 trillionUS govt spending = about $7 trillion https://t.co/d0te2sZ7is ...

CNBC's Eamon Javers joins 'Monet Movers' to discuss the latest from U.S. Treasury Secretary Scott Bessent's testimony before the Senate Finance Committee. ...

Inflation & Economic Policy - The administration believes its policies are driving down inflation by boosting the economy's supply side, enabling firms to produce more efficiently [1][2] - Concerns exist that companies may hesitate to pass on tariff-related costs due to fears of reduced consumer demand, potentially impacting economic growth and bottom lines [3] - The theory of tax incentives suggests the more inflexible party bears the tariff burden, with American consumers potentially changing consumption patterns [4][5] Trade & Tariffs - Firms can adjust supply chains, sourcing from countries with favorable trade deals, to avoid tariffs [6][7] - Tariffs aim to encourage countries to lower barriers to US products, creating more balanced trade and offering alternative markets [21] - Reciprocal tariffs remain a negotiating tool, potentially implemented if trade negotiations don't progress [19][22] - The president intends to use tariffs to incentivize countries to advance negotiations and make concessions, fostering a fair trade environment [24] Fiscal Policy & Deficit - The administration asserts it takes the deficit seriously and has a plan to reduce it through tax relief, deregulation, energy abundance, and trade renegotiation, aiming for 3% GDP growth [12][13] - Increased GDP growth, tariff revenues, and supply-side expansion are expected to contribute to deficit reduction [13] - Incentives like full expensing of equipment, R&D, and new factories are designed to stimulate investment in America, expanding productive capacity and keeping inflation low [8][9][10] - The administration anticipates deficit reduction through better economic growth, tariff revenue, reduced interest expenses, and cuts to waste, fraud, and abuse [16] - The administration projects 3 to 4 percentage points of GDP worth of deficit reduction, not fully reflected in the CBO score [15]