Elon Musk “Without AI and robots, our national debt problem will destroy us. Interest payments are already bigger than the Defense Department budget.” https://t.co/khtSF9frai ...

RT Bitcoin Magazine (@BitcoinMagazine)JUST IN: 🇺🇸 Jim Cramer said he wants to own bitcoin because of the $37 trillion national debt 👀"So why don't you buy some bitcoin? ... It's a nice hedge" https://t.co/ya0Nzy9DWN ...

JUST IN: 🇺🇸 Jim Cramer said he wants to own bitcoin because of the $37 trillion national debt 👀"So why don't you buy some bitcoin? ... It's a nice hedge" https://t.co/ya0Nzy9DWN ...

or President Trump told reporters this week he plans to write to global leaders outlining a blanket unilateral tariff rate which he said could be 10 to 15%. The president already has sent about two dozen letters to trading partners including the EU, Japan and South Korea laying out tariff rates that will kick in August first. Joe.All right, drum roll please. With us now, author and journalist Dylan Ratigan, Money Party. He's anchored shows on MSNBC and CNBC.He's now the CEO of Euphoria Sneakers and owner of ...

RT DogeDesigner (@cb_doge)"The dollar will be worth nothing if the US doesn't do something about its national debt."一 Elon Musk https://t.co/u3KNQyN5mn ...

Bill Impact & Political Analysis - The bill is expected to pass, but is anticipated to become increasingly unpopular as its implications become clearer [2] - The bill is projected to negatively impact families across the country, including those in New Jersey [2] - The bill is estimated to increase energy bills by at least $110 per year due to its impact on energy supply [3] - A Fox News poll indicates that nearly 60% of Americans disapprove of the bill [10] - The bill is viewed as a political liability, potentially impacting the 2024 election [10][15] Economic & Fiscal Concerns - The bill is projected to add $33 trillion (3300 billion) to the national debt [4] - Moody's has downgraded the country's finances due to the bill's perceived fiscal irresponsibility [4] - Republican congressmen lament the national debt, which the bill fails to address [5] - The bill is criticized for worsening the country's fiscal problems instead of addressing them [7] Social Impact - The bill is expected to negatively impact healthcare, potentially gutting Medicaid and taking healthcare away from 12 million Americans [3] - Concerns are raised about seniors being kicked out of nursing homes and children losing healthcare [3] - The bill is criticized for potentially taking food away from hungry children and families [3] - The bill is expected to cost the average family in New Jersey $3300 [9]

Fiscal Policy & Debt - The bill is projected to add $4 trillion to the national debt [2] - The bill could lead to deficits reaching 8% of GDP, a level almost unprecedented during peacetime without external shocks [2] - Future reconciliation packages are promised to cut the deficit, but the means to achieve this, especially without raising taxes on the wealthy, are unclear [6][7] Tax Implications & Distribution - The tax breaks in the bill may negatively impact poorer, working-class Americans while benefiting the wealthy [3] - Approximately 60% of the benefits are expected to go to individuals earning over $220,000 [14] - Certain aspects of the bill, such as no tax on tips, the child tax credit, and permanent no tax on overtime, could be supported in isolation [14] Market & Economic Impact - The bond market's reaction to the bill has been surprisingly muted [8] - There is a concern that tariff policy is slowing the economy, which, combined with massive deficit spending, could put pressure on interest rates [10] - Permanent expensing and making tax cuts permanent could be attractive to businesses and spur investment [12][13]

Joining us now straight from the House floor, Democratic Congressman Morgan McGarvey of Kentucky. He's a member of the House Budget Committee. You've already had a long night and I know that we're sort of on the clock for whenever Hakee Jeff stops speaking and this actual vote goes on, but take us inside the mood on the floor right now among Democrats and if there's any conversation with Republicans between the parties. Democrats are still fighting and obviously we're frustrated. This matters to us. This is ...

We are now joined by U.S. Treasury Secretary Scott Betts. And 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 Senat ...

We've been speaking with top economists to better understand what this economic climate means for companies' bottom lines. Today, I'm speaking with CEO and Chief Strategist for QI Research Danielle DiMartino Booth. Hi, Danielle, thanks so much for taking the time to speak with me again this year.Thank you for having me. Great to be with you again. How can companies protect their bottom lines in this time of political and economic uncertainty.So, you know, the idea of battening down the hatches before the hu ...