Scott Horsley
Stories
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Stocks tumble after Trump posts letters to 14 countries threatening new tariffs
Stocks tumbled Monday after President Trump threatened to impose new import taxes on more than a dozen countries. Trump pushed back the effective date of those tariffs, however, until Aug. 1.
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How GOP lawmakers pulled off the megabill — and what it means for the American people
The House of Representatives has passed the One Big Beautiful Bill. The package extends existing temporary tax cuts, makes cuts to Medicaid and adds spending on border security and defense.
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The U.S. labor market remains solid, with employers adding 147,000 jobs last month
U.S. employers added 147,000 jobs in June as the unemployment rate dipped to 4.1%. Job gains were concentrated in health care and state and local government.
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GOP megabill would add trillions to the country's debt, budget analysts say
Budget analysts say the GOP tax cut and spending bill would add trillions to the government's debt over the next 10 years. Interest on the debt already costs taxpayers about $1 trillion per year.
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The GOP's massive bill would add trillions of dollars to the country's debt
The GOP tax cut and spending bill passed by the Senate this week is expected to add trillions of dollars to the federal debt over the next decade. The savings would mostly go to top earners.
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Waffle House drops egg surcharge as prices fall back to Earth
Waffle House has dropped its 50 cent surcharge on eggs as supplies rebound. The chain added the temporary charge in February, when avian flu sent egg prices to record highs.
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Canada ditches digital tax after tariff threat from Trump
Canada scrapped a digital services tax that would have hit U.S. tech companies such as Google and Amazon after President Trump halted trade talks and threatened higher tariffs on Canadian imports.
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Tariffs on fireworks may impact the 4th of July
Fans of fireworks may get a little less bang for their buck this Independence Day. Most fireworks are made in China, which means they're now facing an import tax of at least 30%.
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Stocks hit a new record high after markets open for trading
Both the S&P 500 index and the Nasdaq appear headed to close out the week at record highs Friday, as investors shrugged off trade tensions and recent fighting in the Middle East.
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Social Security benefits face big cuts in 2033, unless Congress acts
Trustees of the Social Security trust fund predict the fund will be exhausted in eight years. Unless Congress acts, Social Security payments will automatically drop by 23% at that time.
