US debt ceiling, gov shutdown and Speaker of the House fight

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Dem Senator Whines Amid GOP Push to Gut Medicaid: ‘I Just Want to Go Home'​

If Republicans manage to pass Donald Trump's so-called "Big Beautiful Bill," millions of Americans will lose access to health care, food assistance, and other critical public support programs. One would hope that Democrats - despite being the minority in both chambers - would put up the strongest fight they can against the disastrous piece of legislation.

Sen. John Fetterman's mind is on the beach.

"I just want to go home. I've missed our entire trip to the beach, my family's going to be back before we're [done]," the Pennsylvania Democrat told reporters on Monday. "Again I'm going to vote no. There's no drama with the way the votes are … But all the Democrats, we all know how that's going to do and I don't think it's really helpful to put people here till some ungodly hour."

More:

https://www.msn.com/en-us/health/ot...-want-to-go-home/ar-AA1HIixw?ocid=socialshare
 

Banks say Trump’s ‘big beautiful bill’ could boost the U.S. economy – despite deficit concerns​

  • The American Bankers Association said it “strongly supports” many provisions within the bill.
  • The bill is almost “unquestionably” good for the U.S. economy over the next few years compared to passing nothing, a Nomura economist said.
U.S. President Donald Trump’s “big, beautiful bill” — or officially, the One Big Beautiful Bill Act (OBBBA) — is a controversial piece of legislation, but some banks are in favor of it, saying it’s the shot in the arm the economy needs.

It was advanced in a narrow 51-49 vote in the U.S. Senate late Saturday, moving the large spending measure closer to the president’s desk.

More:

 

US Senate passes Trump's sweeping tax-cut, spending bill, sends to House​

By Richard Cowan, David Morgan and Bo Erickson

WASHINGTON (Reuters) -The Republican-controlled U.S. Senate passed President Donald Trump's tax and spending bill on Tuesday, signing off on a massive package that would enshrine many of his top priorities into law while adding $3.3 trillion to the national debt.

The bill now heads back to the House of Representatives for final approval. Trump has pushed lawmakers to get it to his desk to sign into law by the July 4 Independence Day holiday.

More:

https://www.msn.com/en-us/news/us/u...l-sends-to-house/ar-AA1HM26s?ocid=socialshare
 

Trump admin live updates: Vance casts tie-breaking vote to pass megabill in Senate​

After three days of debate and drama, the Senate narrowly passed President Donald Trump's giant tax and immigration bill on Tuesday.

Vice President JD Vance cast the tie-breaking vote after a 50-50 tally, with three Republicans voting against the sprawling measure.

The bill must now go to the House for final approval. But it could face some issues there, especially among GOP fiscal hawks, as the Senate version is projected to add roughly $1 trillion more to the deficit than what the House passed back in May.

More:

https://www.msn.com/en-us/news/poli...gabill-in-senate/ar-AA1HFiYk?ocid=socialshare
 

What the Senate Republican tax and spending bill means for your money​

Senate Republicans on Tuesday approved their version of President Donald Trump’s multitrillion-dollar tax and spending package, which could broadly impact millions of Americans’ wallets.

Similar to the House’s One Big Beautiful Bill Act advanced in May, the Senate legislation aims to make permanent Trump’s 2017 tax cuts, while adding new tax breaks for tip income, overtime pay and auto loans, among other provisions.

More:

 
Back
Top Bottom