June 3rd, 2025
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President Trump's tax cuts are getting a lot of criticism because many people are worried they will significantly increase the national debt. Different groups, including Republican senators, international investors, voters, and Elon Musk, are concerned that the proposed plan will not lower the debt as promised. The White House disagrees, saying that the tax and spending cuts, which could add over $5 trillion to the national debt in the next ten years, will help the economy grow and reduce the deficit compared to the overall economy. However, most economists think the plan won't create enough growth to balance out the increased debt. Also, these tax and spending cuts are set to finish in 2028, which could create difficulties for future politicians. The White House hopes that money from tariffs will pay for the extra debt, but recent court decisions have made this plan uncertain.
June 3rd, 2025
Student Loan Payments Restart: Credit Scores Drop for Many in the US
Student Loan Payments Restart: Credit Scores Drop for Many in the US
US Consumers Get Cautious, Retail Sales Drop After Tariff Rush
US Consumers Get Cautious, Retail Sales Drop After Tariff Rush
Oil Price Surge Shakes Markets: Stocks Fall Amid Crude Concerns
Oil Price Surge Shakes Markets: Stocks Fall Amid Crude Concerns
Consumer Confidence Improves as Inflation Stays Under Control
Consumer Confidence Improves as Inflation Stays Under Control
JetZero's $4.7 Billion Factory in North Carolina to Generate 14,500 Jobs
JetZero's $4.7 Billion Factory in North Carolina to Generate 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 Reach Deal to Solve Trade Issues
US and China Reach Deal 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 Privacy Concerns
States Challenge 23andMe Data Sale Over Privacy Concerns
Big Battery Factory Project Delayed Due to Electric Car Market Concerns
Big Battery Factory Project Delayed Due to Electric Car Market Concerns
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