US EditionS&P eyes Trump, Congress on budget, debt, taxes
- Credit agencies are monitoring the U.S. Budget reconciliation process for impacts on deficits and debt.
- The rising deficits and debt stem partly from extending tax cuts from the 2017 Tax Cuts and Jobs Act.
- Congress used an accounting tactic that has raised concerns about debt calculation by agencies and analysts.
- Maya MacGuineas called the budget an "absolute disgrace", and S&P stated the impact is currently unclear.
- S&P's biggest concern remains U.S. Debt and deficits, as general government deficit is 6%-7% of GDP.
53 Articles
53 Articles
Terre Haute Tribune-Star
Kokomo TribuneTaxes, state budget among Crackerbarrel topics
The final legislative Crackerbarrel session of the legislative season ran nearly 30 minutes longer than scheduled.
STEVE FORBES, KEN BLACKWELL: Trump tax cuts 2.0 and Congress have a rendezvous with destiny
On the eve of another painful Tax Day, the U.S. Congress has an appointment with destiny.At a time when American families are confronting the crushing weight of high prices and economic uncertainty—caused by the failed policies of the Biden administration—Washington has a historic opportunity to renew growth, restore prosperity, and reaffirm its commitment to the principles that have always made our nation strong.That opportunity lies in swift p…
Capitol Hill Update: Congress Breaks After GOP Adopts Budget Resolution
Congress wrapped up legislative business last week after Republicans successfully unlocked the reconciliation process to pass “one big, beautiful bill” containing President Donald Trump’s legislative priorities on tax, border, energy, and more. Pursuant to the budget resolution, committees of instruction have until Friday, May 9 to produce their respective reconciliation bills, and Republicans are trying to move as quickly as possible through th…
Financial News Network - STEVE FORBES, KEN BLACKWELL: Trump tax cuts 2.0 and Congress have a rendezvous with destiny
Markets respond to confidence, not delay. Passing President Trump’s Tax Cuts 2.0 would send an unmistakable signal to businesses, investors, and working Americans: help is on the way.Read More …
Trump 2.0 tariff tracker
According to President Trump, “Tariff is the most beautiful word in the dictionary.” Throughout his presidential campaign, Trump promised to use tariffs as a central part of his foreign policy strategy. His America First Trade Policy memorandum also directs the administration to review various tariff- and tariff-adjacent levers the United States could use to further its new trade policy. Reed Smith’s International Trade and National Security tea…
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