June 3rd, 2025
Create an account or log in to unlock unlimited access!
President Trump's multi-trillion-dollar tax relief package has faced a lot of criticism because many people are worried it could make the federal debt bigger. Critics, such as Republican senators, international investors, voters, and Elon Musk, are concerned that the new policy will not lower deficits as promised. The White House disagrees with these worries, saying that the tax and spending cuts, which are expected to add over $5 trillion to the national debt in the next ten years, will help the economy grow and make the deficit smaller compared to the whole economy. However, most economists are not sure if the plan can 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 a difficult policy problem for future lawmakers. While the White House is depending on money from tariffs to pay for the extra deficits, recent court decisions have made this strategy seem less likely to work.
June 3rd, 2025
Resumption of US Student Loan Repayments Triggers Credit Score Drops for Millions
Resumption of US Student Loan Repayments Triggers Credit Score Drops for Millions
US Consumer Spending Cools: Tariff Concerns Trigger Retail Dip
US Consumer Spending Cools: Tariff Concerns Trigger Retail Dip
Crude Market Concerns Trigger Oil Price Surge and US Stock Decline
Crude Market Concerns Trigger Oil Price Surge and US Stock Decline
Consumer Confidence Recovers as Inflation Fears Subside
Consumer Confidence Recovers as Inflation Fears Subside
JetZero's $4.7 Billion North Carolina Plant: A Boost for Economy with 14,500 New Jobs
JetZero's $4.7 Billion North Carolina Plant: A Boost for Economy with 14,500 New Jobs
Asian Markets React to Israel-Iran Tensions; Oil Prices Spike
Asian Markets React to Israel-Iran Tensions; Oil Prices Spike
US and China Forge Trade Dispute Resolution Framework
US and China Forge Trade Dispute Resolution Framework
Warner Bros. Discovery Restructures: Cable and Streaming Divisions to Operate Separately
Warner Bros. Discovery Restructures: Cable and Streaming Divisions to Operate Separately
States Challenge 23andMe Data Deal: Privacy Concerns and Legal Action
States Challenge 23andMe Data Deal: Privacy Concerns and Legal Action
Battery Plant Construction Halted by Electric Vehicle Market Volatility and Tariff Concerns
Battery Plant Construction Halted by Electric Vehicle Market Volatility and Tariff Concerns
Create an account or log in to continue reading and join the Lingo Times community!