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U.S. Congress races to pass spending bills before recess

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With the deadline swiftly approaching—can U.S. Congress pass its 2024 spending bills before the August recess?

Congress is racing to pass its 2024 spending bills before the August recess, aiming to avoid a government shutdown and to position itself strongly for the fall’s budget negotiations.

Key among these is the Financial Services bill, which proposes significant cuts to the IRS and FTC budgets.

This effort comes amidst heightened concerns about inflation and economic policy.

Brandon Arnold, the Executive Vice President at The National Taxpayers Union (NTU) joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #politics #economy #Congress #spendingbills #inflation

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5k into 500k: finance experts explore options to build greatness from small beginnings

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From $5k into over $400k – it might sound too good to be true, but with the right investment strategy and time on your side, finance experts are claiming it is possible to grow a small initial investment into a substantial sum.

The journey towards a large retirement begins with understanding the power of compounding interest.

By consistently investing small amounts over time, initial investments can grow exponentially.

Mark Wyld from MW Wealth joins to discuss this strategy. #featured

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Volkswagen-Rivian deal: VW invest $5B in American EV maker

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Volkswagen and Rivian have formed a new partnership that hopes to boost not only VW’s EV lineup but also enhances their global manufacturing footprint, leveraging Rivian’s manufacturing expertise in the United States.

Volkswagen’s strategic move into the electric vehicle market has taken a bold step forward with a $5 billion investment in Rivian, the American electric truck startup.

This landmark deal marks VW’s commitment to accelerating its EV portfolio and securing a significant stake in Rivian’s technology and production capabilities.

Mike Costello from Cox Automotive joins to discuss. #featured #trending

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Trump and Biden clash on policies and spur falsehoods in debate rematch

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Former President Donald Trump and President Joe Biden sparred over critical issues during their much-anticipated presidential debate, but did little to garner new eyes.

The first debate of 2024 covered topics ranging from the economy to the handling of the COVID-19 pandemic, both candidates aimed to sway undecided voters ahead of Election Day later this years.

Former President Donald Trump, known for his aggressive rhetoric, doubled down on his administration’s economic achievements while criticising President Joe Biden’s record on trade and foreign policy.

Biden, on the other hand, focused on healthcare reform and accused Trump of mishandling the pandemic, and an economic downturn under his watch. #featured #trending

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