‘Fantasy math’ masks tax bill’s U.S. debt impact, GOP lawmaker said. What the deficit means for your money

Key Points

Legislation passed by Republicans in the House and now being considered in the Senate would increase the U.S. debt by more than $3 trillion after interest and economic effects, according to estimates.
The “One Big Beautiful Bill Act” is a “debt bomb ticking,” one GOP lawmaker said.
The debt can have a big impact on household finances, by raising the cost of borrowing and reducing the value of investors’ bond holdings, according to economists.

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Finance

Moody’s says the banking system, private credit markets are sound despite worries over bad loans

October 17, 2025

Key Points Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to Marc Pinto, Moody’s head of global private credit. “One cockroach does not a trend make,” Pinto said. Market sentiment appeared to improve Friday after a sell-off Thursday. Source

Finance

Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion

October 17, 2025

Key Points Pony.ai’s Luxembourg unit and Stellantis said Friday they will work together on testing robotaxis for Europe. The companies will start testing in Luxembourg in the coming months, before expanding to other parts of Europe next year. The agreement comes as Waymo this week announced plans to start testing robotaxis in London. Source

Finance

Stocks making the biggest moves after hours: Novo Nordisk, Interactive Brokers, CSX and more

October 16, 2025

Check out the companies making headlines in after-hours trading. CSX Corporation — Shares of the railroad jumped 2% on the back of its strong quarterly results. CSX reported adjusted earnings of 44 cents per share on revenue of $3.59 billion for its third quarter, just beating analysts’ earnings expectations of 42 cents per share on […]