June 3rd, 2025
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President Trump's tax plan, which involves trillions of dollars, is receiving a lot of criticism. People are worried it will increase the national debt. Many groups, including Republican senators, international investors, voters, and Elon Musk, are concerned that the plan might not reduce the debt as much as promised. The White House disagrees with these worries. They argue that the tax and spending cuts, which will add over $5 trillion to the national debt in the next ten years, will help the economy grow and lower the debt compared to the overall economy. However, most economists don't think the plan will create enough growth to make up for the increased debt. Also, the tax and spending cuts are planned to end in 2028, which could cause problems for future politicians. The White House hopes that money from tariffs will cover the extra debt, but recent court decisions have made this plan uncertain.
June 3rd, 2025
Student Loan Repayments Restart: Credit Scores Drop for Many Americans
Student Loan Repayments Restart: Credit Scores Drop for Many Americans
US Consumers Worry as Retail Sales Drop After Tariff Rush
US Consumers Worry as Retail Sales Drop After Tariff Rush
Oil Price Jump Causes US Stocks to Drop Amid Market Concerns
Oil Price Jump Causes US Stocks to Drop Amid Market Concerns
Consumer Confidence Improves as Inflation Stays Under Control
Consumer Confidence Improves as Inflation Stays Under Control
JetZero to Invest $4.7 Billion in North Carolina, Promising 14,500 Jobs
JetZero to Invest $4.7 Billion in North Carolina, Promising 14,500 Jobs
Asian Stocks Fall, Oil Prices Rise After Israel Strikes Iran
Asian Stocks Fall, Oil Prices Rise After Israel Strikes Iran
US and China Agree on Plan to Solve Trade Issues
US and China Agree on Plan to Solve Trade Issues
Warner Bros. Discovery: Cable and Streaming to Become Separate Companies
Warner Bros. Discovery: Cable and Streaming to Become Separate Companies
States Challenge 23andMe Data Sale Over Consent Concerns
States Challenge 23andMe Data Sale Over Consent Concerns
Big Battery Factory Project Delayed Due to Unsure Times for Electric Cars
Big Battery Factory Project Delayed Due to Unsure Times for Electric Cars
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