Breakfast, a once booming business for fast-food chains, is taking a hit as Americans cut back on spending https://t.co/DoAtn28inP ...

We are live this morning uh in Aspen at the Aspen Economic Strategy Group and joining us right now is the group's director, Melissa Carney. She has been the director for seven years. Thank you for waking up early this morning. Uh no bears just yet. We were looking for bears cuz it's a little dark here. Uh she's also a professor of economics at the University of Notre Dame. Um here's where we're going to start the conversation because this is an evidence-based group. There's a lot of economists here, former ...

The AI arms race is accelerating as major tech companies add to their already gargantuan levels of spending. The bets are paying off for investors, but not for all employees. https://t.co/ih7lg9wAJY ...

The reality is that most of what people call money is actually credit. The total amount of credit in the United States is about $50 trillion and the total amount of money is only about $3 trillion. Remember, in an economy without credit, the only way to increase your spending is to produce more.But in an economy with credit, you can also increase your spending by borrowing. As a result, an economy with credit has more spending and allows incomes to rise faster than productivity over the short run, but not o ...

Heard on the Street: Slashing the cost of using credit cards could unleash spending https://t.co/lCdWHriUJP ...

Forbes Daily: Consumer Sentiment And Spending Defied Expectations In June https://t.co/IE1zVSWOLv ...

Forbes Daily: Consumer Sentiment And Spending Defied Expectations In Junehttps://t.co/hVDFbXfBaS https://t.co/TKO3DZ4chl ...

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 ...