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CBO estimates that extending temporary tax cuts would increase the deficit by $5 trillion.

CBO projects 'big, beautiful bill' would add $5 trilllion to deficit if temporary tax cuts extended

Impact of Tax Credit Extensions on Federal Deficit The Congressional Budget Office (CBO) has reported to Senator Jeff Merkley (D-OR), who serves as the ranking member of the Senate Budget Committee, that one significant legislative measure, which represents the cornerstone of President Trump’s domestic policy, could potentially increase the deficit by $5 trillion over the […]

European car stocks rise 2% following White House’s suggestion of extending tariff deadline

European car stocks rise 2% following White House's suggestion of extending tariff deadline

American Fund Managers Welcome Decision to Scrap Section 899 The Institute of Investment Companies (ICI), which represents US fund managers and some European entities, has expressed support for the Senate Finance and House Ways and Means Committee’s decision to remove Section 899 from President Trump’s expense bill. Previously, ICI had lobbied against this section, arguing […]

Crime trend of ‘jugging’ targets bank customers, extending from Texas to the Carolinas

Crime trend of 'jugging' targets bank customers, extending from Texas to the Carolinas

Authorities are issuing warnings as concerning trends linked to violent street crimes are surfacing in South Carolina. Surveillance footage has spotlighted a type of robbery commonly referred to as “jugs.” This crime involves criminals observing banks and ATMs, targeting individuals who withdraw substantial sums of money. After the transaction, these assailants typically take their victims […]

Trump states he is willing to consider extending the July trade deal deadline.

Trump states he is willing to consider extending the July trade deal deadline.

Trump Discusses Trade Agreement Deadline On Wednesday, President Donald Trump mentioned he might be open to extending the deadline for a trade agreement with the United States, although he doesn’t see it as necessary. He indicated that in about a week or two, his administration would clarify what constitutes a deal. This statement came before […]

Trainline stock falls following concerns about extending the London contactless zone.

Trainline, an online ticket retailer, has warned of challenges ahead, including the expansion of London’s contactless travel zone and economic uncertainties that might hinder foreign travel. During early trading on Wednesday, shares of the London-listed company dropped by as much as 8%, even though it reported a significant profit increase up to February 28th. With […]

Trump considers extending Chevron license in Venezuela, more tariffs: report

President Trump is considering an effort to extend Chevron's license to pump up Venezuela's oil and slap other countries trying to do business in the South American country with fresh tariffs. Trump ordered the US oil giant to step down from his operation in Venezuela earlier this month, but during a White House meeting with […]