Trump tax cuts are in big trouble.

Speaker Mike Johnson told House Republicans behind closed doors Thursday that he is pursuing $1.5 trillion in spending cuts as part of the GOP’s party-line megabill, resulting in a smaller tax cuts package of $4 trillion. The scaled-down component of …

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Estée Lauder cuts 2,600 jobs…

As expected… Estée Lauder layoffs are in full swing now. They had already approved $623 million in severance costs and cut more than 2,600 positions as part of the plan to eliminate 5,800 to 7,000 jobs.https://t.co/nYAFAmS1sZ All projections show they …

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IMF says tariff revenue will reduce U.S. deficit from $2.6 trillion to $2.3 trillion — We need spending cuts, congress. Notice the final paragraph, bond market vigilantes will punish U.S. Treasuries.

The IMF projects the overall U.S. federal deficit will dip to 6.5% of gross domestic product this year, down from 7.3% in 2024 The multinational fund cited increased tariff revenues for the decline The IMF highlighted uncertainty surrounding the rollout …

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President Trump calls for “preemptive [rate] cuts” and claims “there is virtually no inflation.”… Feel free to hate his tone, but is he wrong?

BREALING: President Trump calls for "preemptive [rate] cuts" and claims "there is virtually no inflation." Trump is now calling Fed Chair Powell "Mr. Too Late." pic.twitter.com/I3sBD0b6RI — The Kobeissi Letter (@KobeissiLetter) April 21, 2025 *PRESIDENT TRUMP: “THERE CAN BE A …

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Mike Johnson makes ‘blood oath’ to cut $1.5 trillion in spending — Over 10 years, so just $150 billion in deficit reduction per year. Even if we get these cuts, annual deficit will still be $2 trillion.

Speaker Mike Johnson told Republican holdouts on the party’s crucial budget plan in a private meeting Wednesday night that they could oust him from the speakership if he doesn’t follow through with his fiscal promises, according to three people with …

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TRUMP MIGHT KILL TAX CUTS FOR RICH

The Trump administration is discussing a surprising option to help fulfill his campaign-trail promises: Allowing the richest Americans’ tax rates to rise in return for cutting taxes on tips, a senior White House official tells Axios. The big picture: Some White House officials …

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