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unsustainable

Goldman Sachs says Trump’s spending plan won’t stop the national debt from hitting ‘unsustainable’ highs not seen since World War II

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President Donald Trump has claimed the GOP’s “Big, Beautiful” bill will put the U.S. on a sustainable fiscal path. Economists at Goldman Sachs say it won’t prevent the nation’s debt from surpassing levels only seen during World War II. The spending bill passed by House Republicans, combined with increased tariff revenue, will slightly lower the … Read more

Stock market rallies after Treasury Secretary Bessent tells a closed-door investor summit that the tariff standoff with China is unsustainable

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After starting the week with a sharp selloff, stocks recovered most of their losses on Tuesday as the S&P 500 rose by 2.5%, driven by gains for blue-chip tech companies like Apple, Amazon, and Meta.  The rally was triggered in part by remarks that Treasury Secretary Scott Bessent delivered at a closed-door investor summit hosted … Read more

US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels

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Making President Donald Trump’s tax cuts permanent would send US debt held by the public above 200% of GDP in a few decades, according to a new estimate from the nonpartisan Congressional Budget Office. Trump’s signature economic policy achievement from his first term is due to expire at the end of this year, but he … Read more

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