Senate GOP pushes deeper Medicaid cuts in tax reform draft
Senate Finance Committee Republicans unveiled a draft bill proposing stricter Medicaid cuts and new work requirements for parents of teens to offset making Trump tax breaks permanent. The plan preserves SALT at 10,000 while expanding senior deductions, aiming for a July vote amid Democratic opposition and CBO projections of higher deficits and more uninsured.
MENTIONED IN THIS ARTICLE
Washington
Senate
Donald Trump
New York
Trump
Senate Finance Committee
GOP
House
Mike Crapo
Idaho
Associated Press-Norc Center For Public Affairs Research
Congress
Congressional Budget Office
CBO
Retail sales dip in May as tariffs weigh on shoppers
May retail sales fell 0.9 percent after a 0.1 percent drop in April as auto purchases declined ahead of a 25 percent tariff on imported cars and parts. Excluding autos, sales slid 0.3 percent while nonauto categories rose 0.4 percent, signaling a mixed consumer response amid tariff uncertainty and cooling inflation.
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Washington
Donald Trump
Commerce Department
Trump
Target
Williams-Sonoma
Cesaro
China
India
Vietnam
Moorpark
California
Ellen Zentner
Morgan Stanley Wealth Management
Paul Cesaro
Picnic Time Inc
G7 leaders scramble to salvage fragile summit
In Kananaskis Alberta six leaders plus Zelensky and NATO chief Rutte wrapped up talks amid Russia’s war in Ukraine. Zelenskyy urged continued allied pressure and peace talks while Carney pledged 2 billion dollars in aid. They warned against non market policies and AI risks, but no joint Ukraine statement was issued. Trump left early after clashing with Iran tensions and Gaza ceasefire calls.
MENTIONED IN THIS ARTICLE
Kananaskis
Alberta
Nations’ Club
U.S
Donald Trump
Mark Carney
U.K
France
Germany
Italy
Japan
Volodymyr Zelenskyy
NATO
Mark Rutte
Russia
Zelenskyy
Carney
Ukraine
Trump
Canadian
Rocky Mountain
Iran
Israel
Tehran
Middle East
Gaza
Keir Starmer
Wall Street slumps as oil prices soar
Wall Street fell on Tuesday as crude prices surged after Israel Iran fighting renewed tensions. The S&P 500 dropped 0.8 percent, the Dow fell 299 points, and the Nasdaq slipped 0.9 percent amid higher oil costs and mixed signals from President Trump. Solar stocks tumbled while Enphase Energy and First Solar lost 24 and 18 percent respectively as investors weighed potential tax-credit changes. Bond yields declined as retail spending underperformed forecasts.
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New York
Uss
Wall Street
Israel
Iran
U.S
Donald Trump
Trump
Congress
Enphase Energy
First Solar
Treasury
Nyse Nasd
DOW Trans
DOW Util
S&p
Wilshire
Russell
Treasuries
Asml Holding N.V
At&t
AbbVie Inc
Abbott Laboratories
Accenture PLC
Adobe
Alphabet A
Alphabet C Amazon
American Express Co
Apple
Avient Corp
Bank of America
Berkshire Hatch
Caterpillar
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
Fifth Third Bancorp
FirstEnergy Corp
Ford Motor Co
GE Aerospace
Goldman Sachs
Home Depot
Honeywell International
Huntington Bancshares
IBM
Intuit Inc
Intuitive Surgical Inc
Jpmorgan Chase & Co
Johnson & Johnson
Keycorp
Linde PLC
Lockheed Martin Corp
Lowe's
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-Hannifin Corp
PepsiCo
Philip Morris Internat. Inc
Procter & Gamble
Qualcomm Inc
RPM International Inc
RTX Corp
Royal Bank of Canada
Salesforce Inc
Sherwin-Williams
Six Flags Entertainment C
Smucker
T-Mobile
Tesla Inc
Texas Instruments
UPS
US Steel
UnitedHealth Group Inc
VISA
Verizon
Walmart
Wells Fargo
Wendy's
Otal Asset
Amrenbala
Cptlincbidra
Fdmillavsa
Grtamrea
Incamrca
Invcamrca
Nwprspetra
Wamtinvia
Incl
Dodge & Cox Stil
Fidelity
PrmCpAdmil Scpvalldxadm
DOW
Market In Review on Stock Indexes and Fees
The market in review notes discuss stock market indexes and a mutual fund redemption fee. It references fund asset values and the source as The Associated Press and market readers.
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Lisa Mascaro and
Kevin Freking
The
Associated Press
Christopher Rugaber and
Anne D’innocenzio
Victoria’s Secret
Scranton
Pennsylvania
Hormuz
the Market In Review
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