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

‘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.



Source

Robinhood’s venture fund, which gives investors access to private companies, tanks 11% on first day
Finance

Robinhood’s venture fund, which gives investors access to private companies, tanks 11% on first day

Key Points The fund, which is trades under the ticker RVI, offers exposure to notable private companies such as financial services firm Revolut and software company Databricks. However, the launch comes during a tough time for public markets. Source

Read More
Fed Governor Miran says job losses in February add to the case for more interest rate cuts
Finance

Fed Governor Miran says job losses in February add to the case for more interest rate cuts

Key Points Federal Reserve Governor Stephen Miran said in a CNBC interview on Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. If Miran had his way, the rate would be around neutral, which he deems to be about a full percentage point lower. Source

Read More
U.S.-Iran war exposes big market concentration risk. It isn’t in S&P 500 stocks
Finance

U.S.-Iran war exposes big market concentration risk. It isn’t in S&P 500 stocks

ETF Edge U.S.-Iran war exposes big market concentration risk. It isn’t in S&P 500 stocks Published Fri, Mar 6 202612:52 PM EST Krysta Escobar WATCH LIVE Source

Read More