Finance News – Budget Bill
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The states where electric bills will rise the most and least thanks to Trump's budget bill
The legislation is expected to increase dependence on costly natural gas, resulting in higher electricity expenses for consumers in various states, with some experiencing larger pr...
Read Full Article →Elon Musk says his new political party will support bitcoin: ‘Fiat is hopeless’
The creation of a new political group endorsing cryptocurrency highlights a shift in financial perspectives amid ongoing debates about government spending and economic policy.
Read Full Article →Crypto Tax Proposal That Didn't Make It to Trump's Budget Bill Pushed on Its Own
Senator Cynthia Lummis has introduced an independent bill aimed at addressing tax challenges related to digital asset transactions after the proposal was excluded from the recent f...
Read Full Article →‘Nothing new under the sun’: Analyst sees subdued crypto summer despite potential ‘Trump-trade’ vola...
Despite several upcoming political events and policy deadlines in July, financial experts anticipate limited growth and moderate activity within the cryptocurrency sector during th...
Read Full Article →Senate passes Trump’s massive budget bill, with no mentions of crypto or Bitcoin
The Senate approved a comprehensive budget bill impacting numerous sectors and funding allocations, yet it did not include any references to digital currencies or blockchain techno...
Read Full Article →US Senate passes Trump’s budget bill without provision on crypto taxes
The Senate's approval of the budget bill excludes any measures to clarify tax obligations for cryptocurrency participants, potentially impacting the financial treatment of miners a...
Read Full Article →Congress' Budget Bill Advances From Senate Without Crypto Tax Provision
The Senate's progression of the budget bill, excluding cryptocurrency tax measures, impacts the financial landscape by maintaining current tax frameworks and avoiding additional re...
Read Full Article →Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks
Major U.S. stock indexes showed varied performance as traders assessed potential impacts of upcoming trade negotiations and government budget uncertainties on market stability and...
Read Full Article →Musk vows to unseat lawmakers who support Trump’s ‘big, beautiful bill’
Elon Musk has expressed strong opposition to a proposed budget measure that could raise the national debt by $3.3 trillion, indicating potential political consequences for its supp...
Read Full Article →Senator Seeks to Waive U.S. Taxes on Small-Scale Crypto Activity in Big Budget Bill
Senator Cynthia Lummis has proposed an amendment within a major budget bill that could alleviate tax obligations for minor cryptocurrency transactions, potentially impacting fiscal...
Read Full Article →Elon Musk Criticized the Budget Bill Again. This Time, Tesla's Stock Held Up
Despite Elon Musk's renewed disapproval of the recent budget legislation, Tesla's shares maintained their market value, reflecting investor confidence amid fiscal policy concerns.
Read Full Article →Health-care cuts in GOP’s budget bill may add up to $22,800 in medical debt for some families: Repor...
The proposed budget plan could result in millions of people losing access to health services, potentially increasing their out-of-pocket medical expenses by thousands of dollars.
Read Full Article →Trump pledged not to cut Medicare — but his budget bill does just that
The proposed Senate legislation could reduce funding for healthcare programs, potentially affecting the insurance coverage and financial security of over one million elderly Americ...
Read Full Article →EU targets Trump's 'Big Beautiful Bill' over tax provision in tariff talks
The potential tax on income earned by foreign investors in the US under the new budget bill has raised concerns in the EU, influencing current discussions related to international...
Read Full Article →Trump says Elon Musk went 'CRAZY,' suggests cutting government contracts for his companies
The disagreement between President Trump and Elon Musk highlights potential impacts on government spending and contract allocations that could influence federal budget priorities a...
Read Full Article →S&P 500 Gains and Losses Today: Tesla Shares Skid as Trump and Musk Tussle Over Budget Bill
The stock market experienced mixed movements, with Tesla’s stock declining amid public disagreements between Elon Musk and former President Trump regarding proposed budget legislat...
Read Full Article →Tesla shares sink 8% as Musk-Trump spat over budget bill boils over
Tesla’s stock experienced a notable decline following recent tensions involving Elon Musk and political figures, interrupting the substantial gains achieved earlier this year amid...
Read Full Article →Trump tax bill would add $2.4 trillion to deficits, Congressional Budget Office says
The proposed budget legislation is projected to increase the national debt by $2.4 trillion, raising concerns among some political leaders and economists about its long-term econom...
Read Full Article →Musk torches Trump budget bill: 'Disgusting abomination'
Elon Musk, who previously invested heavily in supporting Trump's campaign and led a related cryptocurrency group, publicly criticized the recent budget legislation, highlighting it...
Read Full Article →US stock rally faces some stiff tests
The proposed budget plan introduced by Donald Trump may significantly influence market stability and investor confidence, potentially altering the direction of the current upward m...
Read Full Article →Sen. Ron Johnson says there are 'enough' GOP senators to stall House budget bill
The opposition from a number of Republican senators highlights the challenges in securing approval for the comprehensive budget proposal, which could impact the allocation of feder...
Read Full Article →30-year Treasury yield tops 5%, 10-year hits 4.5% on deficit concerns
Rising long-term government bond rates reflect investor caution amid ongoing budget negotiations and concerns about the increasing national debt, influencing borrowing costs and fi...
Read Full Article →Millions of Americans may lose health insurance under GOP tax plan. Here’s who will be affected most...
The proposed budget legislation could lead to substantial reductions in Medicaid funding, potentially affecting millions of individuals’ access to health coverage and altering the...
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