Eric Revell

1 day ago | foxbusiness.com | Eric Revell

close video President Trump surprised over Elon Musk rift, tax bill trashing President Trump and Elon Musk seemingly have fallen out after a cozy relationship when Musk ran DOGE. Trump gives his take on why Musk is upset. President Donald Trump on Thursday said he was disappointed in Elon Musk's criticism of Republicans' tax cut package, which the billionaire called a "disgusting abomination" and has urged Congress to block.

1 day ago | foxbusiness.com | Eric Revell

close video Trump Cabinet, GOP lawmakers prepare to take lead of DOGE after Musks departure FOX Business Grady Trimble reports on the DOGE committee transition as Elon Musk says goodbye to the budget-slashing agency. Layoffs of U.S. workers were nearly 50% higher in May than they were a year ago, with reductions attributed to the Department of Government Efficiency (DOGE) remaining the leading reason for job cuts this year, according to a new report.

1 day ago | aol.com | Eric Revell

A group of more than 300 economists on Thursday sent a letter to President Donald Trump and Republican leaders in Congress urging the quick passage of the GOP tax package to prevent the expiration of the 2017 tax cuts and a $4 trillion tax hike they say would hurt the economy. The letter was led by Stephen Moore, an economist and co-founder of Unleash Prosperity Now, and emphasized the extension of lower taxes on individuals and small businesses in the package.

2 days ago | yahoo.com | Anders Hagstrom |Eric Revell

President Donald Trump's "Big, Beautiful Bill" would cut taxes by $3.7 trillion while adding $2.4 trillion to the national debt, the Congressional Budget Office (CBO) says. The CBO released its report on Trump's bill on Wednesday. The report also estimates that it would create an additional 10.9 million people without health insurance under the bill, including 1.4 million who are in the country without legal status in state-funded programs.

3 days ago | foxbusiness.com | Eric Revell

close video Sen. Rand Paul warns Trump tax bill will lead to more deficits: Irresponsible Sen. Rand Paul, R-Ky., discusses his objections to President Donald Trump's tax bill on Varney & Co. Billionaire entrepreneur Elon Musk on Tuesday weighed in on the "big, beautiful bill" the Trump administration and congressional Republicans are working to advance, criticizing it as a "disgusting abomination" due to its projected effect on budget deficits.