Trump faces GOP doubts on tax cuts and debt risk
Trump must persuade Republican senators investors and even Elon Musk that his multitrillion dollar tax package won’t drive deficits higher. Critics say rhetoric on cutting spending has not matched reality and warn debt will rise. White House officials defend the plan while a split Congress and reliance on growth remain unresolved.
MENTIONED IN THIS ARTICLE
Washington
Donald Trump
Elon Musk
Trump
Michael Strain
The
American Enterprise Institute
NBC
CBC
Republican Congressional Coalition
China blasts U S tariff truce as tensions rise in trade battle
China accused the United States of violating the 90 day tariff pause amid new export controls and visa crackdown moves. The Commerce Ministry warned that unilateral U S actions threaten the agreement and vowed firm retaliation as negotiations linger.
MENTIONED IN THIS ARTICLE
Taipei
Taiwan
China
U.S
Commerce Ministry
United States
Donald Trump
Beijing
Washington
Trump
Jamieson Greer
Eco
Stocks Near Record Highs After Tumbling May Rally
U S stocks drift toward records as May rally resumes with the S&P 500 up 0.4 percent, Dow up 0.1 percent, and Nasdaq up 0.7 percent. Nvidia and Meta lead gains while oil prices jump on OPEC production decisions and geopolitics amid tariff tensions between the United States and China. Nucor and Steel Dynamics surge on steel tariff news. Ford and GM drop as automakers face higher costs. Treasury yields rise on deficit concerns and tax cuts. Lyra Therapeutics soars on late stage trial results for a sinus implant.
MENTIONED IN THIS ARTICLE
New York
U.S
Wall Street
Donald Trump
Nvidia
OPEC+ alliance
Ukraine
Russia
United States
China
Trump
Pennsylvania
Nucor
Steel Dynamics
Ford
General Motors
Lyra
Treasury
Nyse Nasd
DOW Trans
DOW Util
Nyse Comp
S&p
Wilshire
Russell
Abbott Laboratories
Accenture PLC
Adobe
Amazon
American Express Co
Apple
Avient Corp
Bank of America Corp
Berkshire Hatch
Caterpillar Inc
Chevron Corp
Cisco Systems Inc
Coca-Cola Consolidated Ir
Costco Wholesale Corp
Darden Restaurants Inc
Diebold Nixdorf Inc
Dine Brands Global Inc
Disney
Eli Lilly and Company
Emerson Electric Co
Exxon Mobil Corp
Fifth Third Bancorp FirstEnergy Corp
Ford Motor Co
GE Aerospace
Goldman Sachs
Home Depot Honeywell International
Huntington Bancshares
Intl Business Machines Co
Intuit Inc
Intuitive Surgical Inc
J.M. Smucker Co
Lowe's Companies Inc
Lumen Technologies Inc
Mastercard Inc
McDonald's Corp. Merck & Co. Inc
Meta Platforms Inc
Microsoft Corp
Morgan Stanley
Nnsource Inc
Nvidia Corp
Netflix Inc
Nordson Corp
Northrop Grumman Corp
Oracle Corp
PNC Financial Services Gr
Palantir Technologies Inc
Parker-Hannin Corp
RPM International Inc
RTX Corp
Royal Bank of Canada
Salesforce Inc
Sherwin-Williams Co
Six Flags Entertainment C
T-Mobile US Inc
Tesla Inc
Texas Instruments Inc
United Parcel Service Inc
United States Steel Corp
UnitedHealth Group Inc
Visa Inc
Verizon Communications
Walmart Inc
Wells Fargo & Co
Wendy's
Otal Asset
NAV
Amrenbala
Grtamrca
Incamrca
Invcamrca
Nwprspctra
Wamtinvia
Dodge & Cox Incl
Stkl
Fidelity BC
Schwab Spsooldx
Vanguard
EggIncAdmrl
InsidxInsPlus
PrmCpAdmrl
A S&p
Reconciliation awaits big beautiful bill in Senate
The Senate moves toward finalizing a bipartisan budget reconciliation path as Republicans seek changes to the one big beautiful bill and to scrub the House measure for rules compliance. Amendments are filed before the recess while Biden nominees face cloture votes. Senator Cynthia Lummis cites progress on the stablecoins bill as a starting point amid slow committee activity. Trump withdraws Isaacman NASA nomination. a new choice will be named. The week opens with a vote to limit debate on Michael Duffey for undersecretary of defense.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Cynthia Lummis
Las Vegas
Wyoming
Congress
Lummis
Banking, Housing, and Urban Affairs Panel
John Thune
R-S.d
Donald Trump
Trump
Jared Isaacman
NASA
America
Michael Duffey
Market In Review Notes Mutual Fund Redemption Fee
A brief market note cites a perceived redemption fee on Wa Mutual funds affecting asset values and share sales. The source is The Asser'-Fe. No further details or dates are provided.
MENTIONED IN THIS ARTICLE
Wa Mutual Wees
The
Asser
Also Mentioned on This Page
Josh Boak
Associated Press
White House
Karoline Leavitt
Leavitt
Congressional Budget Office
Mike Johnson
Oval Office
Xi Jinping
U.S. Commerce
Howard Lutnick
Geneva
Fox News
Lutnick
AP File
Bill
the Market In Review
Filina Wit
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