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EUR/USD drops as Trump's tax cut bill to boost US inflation – FXStreet

EUR/USD is facing pressure above 1.0500 as the US dollar profits amid a strong recovery in bond yields in the US dollar. The Republican-controlled House passed a $4.5 trillion tax cut plan on Tuesday. Investors are awaiting the February spare German HICP and January U.S. PCE inflation data scheduled for Friday. EUR/USD continues to face […]

GOP Refutes Dem Fearmongering About Budget Bill With One Simple Fact

According to House Republicans, Democrats' intentions about the House budget bill are not only representative examples of fear exaggeration, but also “four Pinocchio” level of falsehood. House GOP leadership is working to beat the conservative fiscal Hawks who oppose the current version of the budget resolution. They also refute Democrats' claims about the budget bill […]

Georgia bill passes Senate is likened to ‘DOGE Lite’

The Georgia Senate passed a bill on Monday called “Doge Wright.” Senate Bill 28, the Red Tape Rollback Act of 2025, has the goal of reducing costs and increasing accountability for state agencies by reviewing and updating rules and regulations every four years. During the vote, Democrats opposed the measure and accused Republicans of trying […]

Durbin to reintroduce credit card competition bill – Payments Dive

Senate minority Dick Durbin is planning to reintroduce the Credit Card Competition Act “quickly” according to a spokesman for his office. It's not clear whether Democrats will attack the alliance again in law with Republican Sen. Roger Marshall, but that's probably what you'd think, given their strong support for the previous bill. . A Kansas […]

Trump budget bill with trillions in tax cuts survives House vote

The House of Representatives will adopt a resolution and will ultimately become a massive trillion dollar bill filled with President Donald Trump's border, defense, energy and tax priorities. It was a big victory for House GOP leaders, with the resolution being passed between 217 and 215 votes. All Democrats, along with Republican Rep. Thomas Massey […]