Scott Horsley
Stories
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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.
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Cloudy with a chance of showers? All eyes on Fed's economic forecast today
The Federal Reserve is expected to hold interest rates steady Wednesday. Members of the central bank's rate-setting committee will telegraph their plans for possible rate cuts later this year.
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Oil prices jump and stocks tumble following Israel's attack on Iran
Israel's attack on Iran sparked the biggest jump in crude oil prices since Russia's invasion of Ukraine more than three years ago. Stocks fell sharply.
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The GOP's massive bill would benefit the rich the most -- while hitting the poor
The top 10% of earners in the U.S. would see the biggest gains under the GOP tax and spending package, according to congressional forecasters, but those at the bottom of the income ladder would be worse off.
