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UNCOVERED: Marc goldwein | History Defined

Newsom Calls Trump's $5K Promise 'Taxpayer-Funded Blood Money' and Accuses Him of Trying to Buy Votes

Trump's $5,000 payment proposal raises questions about funding and legality, with critics like California Governor Gavin Newsom labelling it as a vote-buying tactic ahead of the midterm elections.

International Business Times UK

Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins

President Donald Trump pledged $5,000 to every adult American if Republicans win elections. This extraordinary promise would cost over one trillion dollars and require congressional approval. Vice President JD Vance suggested payments would exclude the wealthy and could be funded by tariffs. Experts note the US runs significant deficits and…

The Economic Times

Social Security's Trust Fund Is Running Out — A $500 Monthly Cut Could Hit Americans in All 50 States

The Social Security trust fund may be depleted by 2032, risking $500 monthly benefit cuts for millions. Urgent policy changes are needed to prevent widespread financial instability.

International Business Times UK

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10 Years Ago Today, Trump Promised To Eliminate the National Debt. Instead, It Has Doubled.

Trump's ridiculous, grandiose promise tells us something about the federal government's fiscal affairs and the president's approach to policy.

Reason

How Much a Middle-Class Social Security Check Will Decrease If Funds Run Out

If nothing is done to stop Social Security cuts from happening, here's how much middle-class benefits are projected to decrease if funds run out.

GOBankingRates

Checking the math on White House, GOP claims about ‘Big Beautiful Bill’ - Roll Call

Republicans say the 'big beautiful bill' will reduce the deficit, but economists say making the tax cuts permanent will do the opposite.

Roll Call

Trump’s policies could drain Social Security in just six years, report warns

Retirement program might be forced to cut checks as early as 2031 under Trump’s proposed agenda

The Independent UK

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The next president's $4 trillion problem

Republicans' tax cuts and Democrats' enhanced ACA subsidies both expire in 2025.

Axios

Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government

Even with new spending restraints included in the congressional debt limit deal, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades

The Independent UK

Is it fair to forgive student loans? Examining 3 of the arguments of a heated debate

President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and college tuition costs.

WEKU

Hot Take: Will Biden's Student Loan Forgiveness Drive Inflation Higher?

Student loan forgiveness has become a reality for the roughly 48 million Americans currently in debt. President Joe Biden said in a speech on Wednesday the student loan payment moratorium would be continued for one final time through Dec. 31.

Benzinga

Student loan crisis awaits new generation despite Biden plan

President Joe Biden’s student loan cancellation offers a life-changing financial break for millions of Americans

The Independent UK

Battle erupts over claim Manchin bill raises middle-class taxes

Official analysis suggesting it won’t just be the wealthy that end up paying tax hikes included in the latest version of Democrats’ long-term economic agenda has ignited a partisan messaging battle with potential consequences for November elections.

Tribune News Service

Jon Stewart Accuses GOP of 'Cruelty' for Wanting Minor Amendments to Pricey Veterans' Bill

Senate Republicans have raised reasonable objections that legislation covering veterans' health conditions linked to toxic burn pits will allow for more spending on unrelated items.

Reason

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The Independent UK

EXPLAINER: How Biden's proposed gas tax holiday would work

Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months

People

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