Financial Strategy - The industry suggests exploring options such as increasing productivity, reducing unnecessary expenses, or raising taxes to improve financial standing [1] - A combination of all three strategies (increase productivity, reduce unnecessary expenses, and raise taxes) may be considered [1]

Research shows a link between spending cuts and populist success. Indeed, in Britain, France and Germany such parties are already ascendant. Call it the deficit-populism doom loop https://t.co/Kju8ObcJHS ...

Summary of Key Points from the Conference Call Industry/Company Involved - The analysis focuses on the impacts of the One Big Beautiful Bill Act (OBBBA) on consumer spending in the US economy, particularly in North America. Core Insights and Arguments - **Consumer Spending Impact**: A slight boost to consumer spending is expected in 2026, estimated at approximately 15 basis points (bp), but larger negative impacts are anticipated in 2027 and beyond due to tax cuts expiring and spending cuts to programs like Medicaid and SNAP [1][9][10]. - **Cohort Analysis**: - Older and higher-income cohorts are expected to benefit the most from the bill, particularly through deductions for seniors and an increase in the SALT cap [1][11][24]. - Low-income consumers will face significant negative impacts due to cuts in transfer payments, with estimates suggesting that around 10 million individuals could lose access to federal health insurance by 2034 [1][27]. - Middle-income consumers may experience mixed effects, benefiting in the short term from new deductions but facing potential long-term negative impacts as tax cuts expire [1][26]. Additional Important Content - **Fiscal Multipliers**: The analysis indicates that spending cuts generally have larger multipliers than tax cuts, meaning that reductions in transfer payments to low-income consumers will have a more immediate and larger impact on demand [1][15]. - **Long-term Economic Growth**: The overall boost to consumption in 2026 is considered small relative to the drags from trade and immigration policy, which are expected to slow US economic activity [1][11][29]. - **Specific Provisions**: Key consumer-facing provisions include deductions for tips, overtime, and car loan interest, as well as changes to Medicaid and SNAP, which will have varying impacts across different income cohorts [1][12][31][50]. - **Projected Economic Growth**: The OBBBA is expected to add around 40 basis points to US GDP growth in 2026, primarily driven by defense spending and corporate tax changes, rather than consumer spending [1][10]. Data and Projections - **Consumer Spending Projections**: - 2026: +15 bp boost to nominal spending - 2027: -18 bp drag on nominal spending - 2029 and beyond: Negative impacts become more pronounced as tax cuts expire [1][19][21]. - **CBO Cost Estimates**: Various provisions have associated costs, such as the tips deduction costing $10 billion in 2026 and $31 billion total, while changes to Medicaid are estimated to save $7 billion in 2026 and $115 billion total [1][16][50]. This summary encapsulates the essential insights and projections regarding the impact of the OBBBA on consumer spending and various income cohorts, highlighting both the immediate benefits and the longer-term challenges posed by the legislation.

Secretary General Antonio Guterres is slashing more than $700 million in spending and laying plans to overhaul the United Nations as the US pulls back support https://t.co/jXvgmxwR9D ...

The Senate worked overnight to approve $9.4% billion in spending cuts requested by President Trump. The final vote was 51 to 48 with two Republicans opposing the measure. That was Senator Susan Collins of Maine and Lisa Marowsky of Alaska.This vote brings President Trump one step closer to having his Department of Government efficiency cuts approved by Congress. NBC News correspondent, Capitol Hill correspondent I should say, Julie Cirin joins us from Washington with more on this. Hey Julie, good morning.Wh ...

US senators exempt HIV/Aids funding from planned spending cuts https://t.co/RPq9krcRB6 ...

Senate Republicans reached an agreement Tuesday with the White House on a slimmed-down $9 billion package of spending cuts that preserves funding for AIDS treatments in Africa, a key concern for a group of GOP lawmakers https://t.co/icd6jLiP5L ...

President Donald Trump signed his marquee tax and spending cuts bill, enshrining in law an extension of tax breaks as well as funds to crack down on illegal immigration https://t.co/kCExKocIXC ...

The big, beautiful bill hitting some resistance in the House as lawmakers returned to Washington to vote on the Senate's version of the legislation. Joining us now from Washington is Bloomberg's Tyler Kendal. Now, Tyler, Speaker of the House Mike Johnson making this sound quite straightforward.I imagine this is not going to be straightforward through the next 24 hours. Yeah. Hey, Jon.Good morning. This is by no means a done deal, but we are only expecting President Trump to ramp up the pressure from here, w ...

On this vote, the yays are 50, the nays are 50. The Senate being evenly divided, the vice president votes in the affirmative. The bill as amended is passed.We're here on Capitol Hill where the Senate just passed President Trump's reconciliation package on a 51-50 vote with Vice President JD Vance casting the tiebreaker. The plan combines $4.5% trillion in tax cuts with $1.2% trillion in spending cuts. Senate Republicans were broadly in agreement about the main pillars of the bill, including when it came to ...