MSNBC: Budget office: Republicans’ megabill would give to the rich and take from the poor

If GOP officials are looking for good news in the Congressional Budget Office’s new report on the party’s reconciliation package, they won’t find any.

Common sense might suggest that congressional Republicans would want to know basic details about their giant reconciliation package, such as how much it would cost and the practical implications of its provisions. GOP lawmakers are, after all, federal policymakers. It stands to reason that they’d care enough about governing to want to legislate with open eyes.

But that’s not the case. Just as Republicans scrambled in 2017 to pass massive tax breaks without waiting for a score from the Congressional Budget Office, GOP lawmakers decided to do the same thing in 2025, deliberately choosing willful ignorance about their own legislation.

That did not, however, stop congressional Democrats from asking the CBO to scrutinize the House Republicans’ proposal, and as The Associated Press reported, the nonpartisan budget office’s findings were quite brutal.

https://www.msnbc.com/rachel-maddow-show/maddowblog/budget-office-republicans-megabill-give-rich-richer-take-poor-rcna208175

Fortune: U.S. economy is experiencing ‘death by a thousand cuts’, says Deutsche Bank, as confidence in national debt management erodes

Economists have criticized politicians’ plans to reduce America’s national debt as too little, too late. But analysts are warning that the issue is now coming home to roost, with the once unshakeable confidence in the United States’ fiscal future beginning to erode.

America’s national debt, which currently stands at more than $36.2 trillion, is increasingly rising on economists’ agendas. Their fear is that as the nation’s debt burden increases, alongside the interest payments to service the debt, the economy will not grow fast enough to sustain the spending.

Such fears were reflected in a Moody’s downgrade of U.S. credit last week from Aaa to Aa1. Moody’s justified: “While we recognize the US’ significant economic and financial strengths, we believe these no longer fully counterbalance the decline in fiscal metrics.”

https://fortune.com/2025/05/20/us-economy-experiencing-death-by-thousand-cuts-deutsche-bank


Also here:

https://www.msn.com/en-us/money/markets/u-s-economy-is-experiencing-death-by-a-thousand-cuts-says-deutsche-bank-as-confidence-in-national-debt-management-erodes/ar-AA1F7C7n