By Bo Erickson WASHINGTON (Reuters) -Republican fiscal hawks in Congress are making a new pitch in the struggle to end the longest government shutdown in U.S. history: Continue to spend at the same rate as last year for as long as possible. That approach would not cut discretionary spending but also not add to the…
By Amina Niasse NEW YORK (Reuters) -President Donald Trump’s spending bill is set to raise administrative costs and make managing costs more difficult for insurers like UnitedHealthcare and CVS Health’s Aetna that operate Medicaid health plans, experts say. As a result, those insurers will likely pull back their Medicaid coverage and invest more in existing…
STORY: The dispute between Republican President Donald Trump and Tesla CEO Elon Musk escalated on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump’s tax-cut and spending bill would bankrupt America. The sweeping legislation approved by Congress and signed by Trump means $7,500 tax credits for buying…
By David Brunnstrom and Bhargav Acharya WASHINGTON (Reuters) -The tattered bromance between Republican President Donald Trump and his main campaign financier Elon Musk took another fractious turn on Saturday when the space and automotive billionaire announced the formation of a new political party, saying Trump’s “big, beautiful” tax bill would bankrupt America. A day after…
Around 40% of Americans say they might support a new political party created by Elon Musk, according to a new poll. The survey by Quantus Insights found 14% would be “very likely” and 26% “somewhat likely” to back Musk’s proposed “America Party”. Republican men show strongest interest in Musk’s third-party plan: Poll Musk announced this…
US stock futures held steady as President Trump’s sweeping spending bill headed to the House after narrowly passing the Senate. Futures attached to the Dow Jones Industrial Average (YM=F) flatlined. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. On Tuesday, stocks were mixed as Trump’s “One…
By David Morgan, Bo Erickson and Davide Barbuscia WASHINGTON (Reuters) -As President Donald Trump’s Republicans push ahead on a sweeping tax-cut and spending bill that nonpartisan analysts say could add $3.3 trillion to the nation’s debt over the next decade, they’re taking a new approach – denying there is anything to worry about. Instead, they…
Here are some top stocks trending on Yahoo Finance in premarket trading: Wolfspeed (WOLF) filed for Chapter 11 bankruptcy protection on Monday, as the chipmaker grapples with huge debt amid slowing demand from electric vehicle and industrial markets. Shares of the company — which makes chips using silicon carbide, a more energy-efficient material than traditional…
(Reuters) -The opinions expressed here are those of Dhara Ranasinghe, Editor, Financial Markets, EMEA. All eyes remain focused on Washington, with Senate Republicans still locked in a marathon session, known as “vote-a-rama”, as they try to pass a contentious tax cut and spending bill that could add trillions of dollars to the country’s already high…
Elon Musk ramped up his fight against President Donald Trump’s Big Beautiful Bill on Monday, vowing to form a new political party if it passes Congress. “If this insane spending bill passes, the America Party will be formed the next day,” Musk said in a post on X. “Our country needs an alternative to the…