Scott Bessent Breaks Down How Tariffs Could Bring In $2.5 Trillion, Promises Minimal Impact On Consumers
Treasury Secretary Scott Becent detailed President Donald Trump's economic strategy on Fox News on Tuesday, breaking down what he said, and consumption of potential financial benefits and global tariffs The impact on those affected was minimized. Between exterior In a “special report with Bret Baier,” Bessent said that leveraging tariffs could fundamentally change the economic […]
DOGE finds Treasury spent up to $4.7 TRILLION in untraceable payments
Government Efficiency Bureau announcement On Monday, it uncovered a key tracking gap in the Treasury fundraising. In a post on X, Doge explained that the Treasury uses a “identification code” to link the payment to a budget item. However, this tracking code is optional at a cost of around $4.7 trillion and often left blank, […]
DOGE discovers $4.7 trillion in Treasury payments were missing critical code
The government's Department of Efficiency (DOGE) announced on Monday that its approximately $4.7 trillion payments from the Treasury lacked a critical tracking code that tracks transactions “nearly impossible.” According to Doge, which described the use of such codes as a “standard financial process,” the transaction reportedly lacks a financial account symbol or an identification code […]
Sen. Joni Ernst Gives the Inside Story on How DOGE Was ‘Ready to Go’ in Cutting $2 Trillion in Waste
Senator Joni Ernst (R-IA) who will significantly reduce government waste, says the government's Department of Efficiency (DOGE) will cut government waste by $2 trillion during its exclusive emergence We talked about internally about how we were “ready” in the event. Alex Marlow Show. Ernst, founder of Doge Caucus, has been focusing on cutting spending for […]
Elon Musk's DOGE examines systems at $1.5 trillion Medicare and Medicaid agency – USA TODAY
Representatives from Elon Musk's Office of Government Efficiency will be at the Centers for Medicare and Medicaid Services, which will be reviewing federal health agency payments and contract systems this week. Two senior-institutional veterans focused on policy and operations will work with DOGE to oversee Medicare and Medicaid, which will work with DOGE to oversee […]
New ETFs from BlackRock take aim at $6 trillion money market fund industry – CNBC
BlackRock's huge ETF business has expanded to a new trillion dollar category. On Wednesday, the asset manager launched two missions ETFs: ishares Prime Money Market ETF (PMMF) and ISHARES Government Money Money Market ETF (GMMF). According to the investment company, the money Money Market Fund, which is usually a sleepy corner in the investment world, […]
Trump budget bill could see ‘roughly’ $1 trillion in baseline spending cuts, top Republican says
R-LA. STEVE SCALISE, the leader of the majority of the House of Representatives, said that the Republican members are paying attention to $ 1 trillion as a rough base line for reducing expenditures when preparing large -scale conservative overhaules. “Looking at where we are, we think we are still working close to one trillion,” SCALISE […]
House Republicans Reportedly Eye $2 To $3 Trillion Spending Cuts In Closed-Door Meeting
House Republican committee chairs outlined potential spending cuts in the range of $2.5 trillion to $3 trillion to fund a massive tax cut package during this week's closed session, Punchbowl reported on Friday. The proposed cuts span multiple federal programs, with the Energy and Commerce Committee leading the charge for up to $2 trillion in […]
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected Friday that the federal budget deficit will reach $1.9 trillion in fiscal year 2025. Nonpartisan budget statisticians estimate that federal spending for the fiscal year will total $7 trillion, or 23.3 percent of gross domestic product. This figure is estimated to reach 24.4 in 2035, with spending expected to […]
New BTC Prediction by Peter Brandt May Shock Bulls With Bearish Reality, XRP Volume Skyrockets 87%, 40 Trillion SHIB Support Ready: Crypto News Digest by U.Today – Investing.com
U.Today – U.Today summarizes the top three most important news stories from the past day. Please check it out. Peter Brandt's new forecast could shock bulls with bearish reality As 2024 draws to a close, market participants are keeping an eye on what level Bitcoin's price will reach in 2025. Although the flagship cryptocurrency hit […]