Millions of car buyers in the U.S. could soon get some tax relief thanks to a provision in the so-called “big, beautiful bill” that was signed into law on July 4 by President Trump. The idea of giving a tax break for auto purchasers was first floated by Mr. Trump while on the campaign trail … Read more
European markets mostly fell Monday as investors digested President Trump’s latest trade war salvos, which saw him threaten to hit the European Union and Mexico with 30% tariffs starting on August 1. Mr. Trump’s threat came after a series of announcements last week that included warnings of a possible 50% levy on all copper imports … Read more
How Trump’s new spending law will impact taxes – CBS News Watch CBS News Does President Trump’s new economic law really wipe away taxes on Social Security and tips? CBS News MoneyWatch correspondent Kelly O’Grady dives into the fine print. Be the first to know Get browser notifications for breaking news, live events, and exclusive … Read more
The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. President Trump said on social media this weekend that he would start sending tariff … Read more
What to know as Trump signs sweeping budget bill into law – CBS News Watch CBS News After weeks of Democratic resistance and Republican infighting, President Trump’s sweeping legislation he calls the “big, beautiful bill” is now law. He signed his domestic policy plan during an Independence Day ceremony at the White House. CBS News’ … Read more
As Congress was approving President Trump’s “big, beautiful bill” on Thursday, the Social Security Administration touted the legislation by stating that the legislation “eliminates federal income taxes on Social Security benefits for most beneficiaries.” That claim, which echoes previous promises by Mr. Trump to remove taxes on Social Security, may have come as welcome news for the … Read more
Why the June jobs report beat expectations – CBS News Watch CBS News New jobs numbers on Thursday revealed a stronger than expected month of June, but a deep dive inside the numbers reveals some not so pleasant surprises. CBS News MoneyWatch correspondent Kelly O’Grady explains. Be the first to know Get browser notifications for … Read more
NAACP president explains why Trump isn’t invited to annual convention – CBS News Watch CBS News The NAACP is breaking a 116-year tradition of inviting the president to its annual convention, declining to invite President Trump this year. NAACP president and CEO Derrick Johnson joins “The Takeout” to discuss Mr. Trump’s budget bill and explain … Read more
Iowans enthused about Trump budget bill’s “no tax on tips” provision, concerned over Medicaid cuts – CBS News Watch CBS News President Trump is scheduled to speak in Des Moines, Iowa, on Thursday evening, where he is expected to tout the passage of his budget bill. CBS News political correspondent Caitlin Huey-Burns spoke to voters … Read more
Trump to host celebratory budget bill signing on Fourth of July – CBS News Watch CBS News House Republicans passed President Trump’s economic agenda on Thursday, sending it to the president’s desk ahead of his July Fourth deadline. CBS News congressional correspondent Nikole Killion reports. Be the first to know Get browser notifications for breaking … Read more