‘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

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell

July 19, 2025

Key Points If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would set off a courtroom battle that would likely head to the Supreme Court. Most people familiar with the situation say Powell would sue if Trump tries dumping him. Despite seemingly low chances of success, going after Powell still could […]

Finance

Block shares soar 10% on entry into S&P 500

July 18, 2025

Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source

Finance

Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more

July 18, 2025

Here are some of the names making big moves in midday trading. Talen Energy – Shares popped more than 23%. Talen said that it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio – a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 […]