6 July 2025 | 9:17AM HKT Asia Economics Analyst A Primer on China's Social Safety Net (Yang) Andrew Tilton +852-2978-1802 | andrew.tilton@gs.com Goldman Sachs (Asia) L.L.C. Hui Shan +852-2978-6634 | hui.shan@gs.com Goldman Sachs (Asia) L.L.C. Lisheng Wang +852-3966-4004 | lisheng.wang@gs.com Goldman Sachs (Asia) L.L.C. Xinquan Chen +852-2978-2418 | xinquan.chen@gs.com Goldman Sachs (Asia) L.L.C. Yuting Yang +852-2978-7283 | yuting.y.yang@gs.com Goldman Sachs (Asia) L.L.C. c45a43530f604d12bcb9a82b5aa6b9f6 n ...

Well, the major averages are ending the week in a positive territory following a strong jobs report that suggests the economy is still humming. Will this data give investors a reason to keep the rally going. Joining us now right here on set, senior fellow at the Council on Foreign Relations and former Bridgewwater Associates chief investment strategist Rebecca Patterson.Rebecca, welcome. It's great to have you. Great to be with you guys.Let's start right there. Does this market melt up with the S&P and the ...

What Donald Trump did that was so remarkable in 2016 is he upended the historical orthodoxy of the Republican party, which is that people wanted cuts to the social safety net in America. And actually, what Republicans realized after Donald Trump was elected is that many Republicans didn't want those cuts. Democrats on the other side are looking at this. I've spoken to them over the last week or two. They're looking at this and saying, "Well, you know, if we really wanted to make sure we had a good chance in ...

All right, on that note, let's bring in Democratic Congressman Richie Torres of New York. He's a member of the Financial Services Committee. Congressman, always good to talk to you.Um, let's pick up that conversation about Medicaid cuts. I think it's important to bring these massive bills that can get so confusing and have so many different things in it to the street level. Let's go to the South Bronx and the district you represent.If this bill passes through the House, as most people expect it will, what d ...

The tax cuts would give the wealthiest households a $12,000 annual increase, but would cost the poorest people 600 $1,600 a year. $1,600 a year. The CBO also estimates 11.8% million more Americans would be uninsured by 2034 if the bill becomes law and that 3 million more will not qualify for food stamps, also known as those SNAP benefits.So, um, Catty K, this is, uh, as David Ducker said, we over a decade of watching Donald Trump in national politics, now we kind of know where this goes. We'll hear some pro ...

America’s two political parties have traded places economically, and that makes it trickier for Republicans to cut the social safety net https://t.co/BKLHD5ODcf ...

To the president, it's gorgeous. We call it a great big beautiful bill because that's what it is. But to Democrats, an ugly betrayal.The bill before the Senate is out of poison. 940 pages that make up the foundation of President Trump's agenda. So what's actually in it.Start with tax cuts. A huge piece of this plan. As written, the bill would make the president's signature 2017 cuts permanent.It's been an amazing experience. The bill would also let people deduct more of their state and local income taxes fo ...