Gold futures (GC=F) jumped on Monday on hopes of renewed government spending amid the prospect of an end to the shutdown, as well as potential tariff rebates, fueling a broader market rally. Gold rose more 2% to touch $4,100 per ounce, its highest level in two weeks after the Senate advanced a bill to end…
WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit…
Funds have been identified and will be used to pay military members on October 15 despite the government shutdown, President Donald Trump said in a post on Truth Social Saturday. “I am using my authority, as Commander in Chief, to direct our Secretary of War, Pete Hegseth, to use all available funds to get our…
TOKYO (AP) — Asian shares were mostly higher Tuesday in quiet holiday trading, while Japan’s benchmark rose to new records on hope for more government spending and lower taxes under Japan’s first woman prime minister. U.S. futures slipped and oil prices rose. Markets in mainland China and South Korea were closed. Over the weekend, Japan’s…
President Donald Trump‘s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history. Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and…
Billionaire Elon Musk and President Donald Trump tried to take a chainsaw to federal government spending, but it turns out they actually wasted tens of billions of taxpayer dollars. The Department of Government Efficiency generated some $21.7 billion in waste across the federal government in the first six months of the year, according to a…
WASHINGTON — President Trump said Thursday he has no interest in stripping Elon Musk-owned companies of billions in federal money — adding that he wants the former “first buddy” to “thrive.” “Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from…
Elon Musk made several last-ditch arguments on X, formerly Twitter, ahead of Saturday’s planned vote in the Senate that will look to advance President Donald Trump‘s “Big Beautiful” spending bill in a key vote. Why It Matters Musk, who had spent months as a close Trump ally during his time leading the Department of Government…