In just minutes, the Congressional Budget Office will release its updated report on President Trump's signature spending law. The CBO's final word on who Trump's so-called big, beautiful bill benefits and who it hurts. It will reflect the changes made before the bill was signed into law on July 4th.The CBO previously estimated it would add $3.4% trillion to the national debt, but that number is expected to rise in this final report. Joining us now, Pennsylvania Democratic Congressman and ranking member of t ...

Strategists at Citigroup raised their target for the S&P 500, saying tax cuts should offset the negative impact from tariffs on US companies https://t.co/TO8uQLs9Cp ...

July 29, 2025 05:06 PM GMT US Economics | North America Impacts of OBBBA on Consumer Spending and Cohorts We expect a slight boost to consumer spending in 2026 from the fiscal bill, but larger drags on spending in 2027 and beyond. Older and higher-income cohorts will benefit most, while spending cuts will negatively impact low-income consumers. We provide details on each new consumer provision. Key Takeaways Exhibit 1: We expect a small, ~15bp, boost to nominal spending in 2026 from the bill, but negative i ...

I think we got a congressman in the house, right, Willie. We do. Richie Torres. Congressman Richie Torres is here representing the Bronx this morning.Well, I This is exciting to me. I will tell you why this is exciting to me. Congressman, I'm not good at this politics thing.All right. So, I'm going to play a clip and I'm going to have you respond to it and tell me what a what a good response to the to Treasury Secretary Scott Besson uh would be. He was at an event in Washington yesterday where he said the s ...

Right now, House lawmakers are at home in their districts as members on both sides of the aisle look to their look to pitch their constituents on the impacts of the president's sweeping agenda law ahead of next year's midterm elections. It all comes as Vice President JD Vance was in Ohio yesterday taking direct aim at Democratic Congresswoman Amelia Sykes, who's running in one of the top house battleground districts for opposing the package. >> Amelia Sykes is not here today. And you know why she's not here ...

U.S. exporters—particularly capital-intensive manufacturers of aircraft, defense equipment, consumer products and semiconductors—scored significant tax cuts in President Trump’s new megalaw https://t.co/BvHU5veIM4 ...

National Republican Senatorial Committee Chair Tim Scott is warning that the polling on President Trump's so-called big beautiful bill is just breaking even. Those are his words. New reporting from Semaphore says Scott is urging colleagues to promote pieces of the Republicans's new tax and spending law rather than the proposal writ large to help boost popularity with the public. The bill includes massive tax cuts as well as extra spending on defense and stricter immigration policies, but it attempts to offs ...

Business Performance & Strategy - The company experienced a boost from technicians seeking shorter payback items due to economic uncertainty [3] - A pivot to shorter payback items, representing about a third of the product line, saw a 1.6% increase, with profitability at 23.8% [4] - Rapid continuous improvement operations helped overcome a 50 basis points negative currency impact, maintaining gross margins at 50.5%, down 10 basis points [11] - Commercial industrial business was down due to project delays caused by uncertainty, but is expected to recover as customers adapt [13][14] Impact of Tax Cuts & Government Policy - The company benefits from bonus depreciation and the tax trifecta (R&D and capital expenditures) [6] - Small businesses, representing 93% of manufacturers, received a significant boost from tax cuts [6] - The administration's support for manufacturing is viewed positively for the industry's future [7][8] Currency Impact - A weaker dollar is generally considered beneficial for overseas sales, but the company experienced a negative impact due to sourcing from Sweden and currency fluctuations [9][10]

Fiscal Policy & Economic Impact - The legislation cuts taxes for the top 01% of the population, impacting vulnerable people and healthcare prospects [3][4][5] - The bill is projected to increase the nation's deficit and debt, potentially leading to higher interest rates and reduced investment [6][7] - Borrowing as an alternative to tax raising or spending cutting postpones adjustments and increases the risk of economic vulnerability [9] - The policy raises concerns about the US's position as the world's greatest debtor and its impact on global power [10] Healthcare Implications - The bill could lead to reduced access to healthcare, particularly in rural areas, due to hospital closures and limited rehabilitation facilities [3][5] - Healthcare costs may increase for all citizens as hospitals pass on the costs of treating uninsured individuals [5] Geopolitical & Competitive Concerns - Increased debt and reduced investment could make the US less competitive with countries like China [7][10]

Welcome back. And joining me now is Republican Senator John Baraso of Wyoming. Senator Baraso, welcome back to Meet the Press.Good to be with you. Thank you. It's wonderful to have you back.Let's start with President Trump's escalating trade war this week announcing uh that he may impose tariffs of up to 35% against Canada. Worth noting in your home state of Wyoming, more than half of imports come from Canada. Canada supports about 13,000 jobs in Wyoming.Are President Trump's tariffs going to hurt Wyoming. ...