BECKY QUICK: You said earlier that this is not a tax reform bill. It’s a tax cut.
WARREN BUFFETT: A tax cut.
BECKY QUICK: What do you think about it?
WARREN BUFFETT: Well, I — I don’t think I need a tax cut.
Kevin Warsh was sworn in as the chair of the Federal Reserve on May 22. He is now the leader of the committee that determines the Fed Funds Interest Rate, which then trickles down to the rest of the economy.
With inflation rising again in the United States in recent months, Warsh issued a blunt statement when asked about the Fed’s stance: “No tolerance.”
A previous version of this report misstated the percentage of Social Security’s potential benefit cut. It has been corrected.
Congress needs to find ways to prevent Social Security from running out of money within the next decade, but a bipartisan advisory board would be rushing the process, AARP said in a letter to legislators.
Millions of retirees depend on Social Security senior benefits,
but applicants are facing longer wait times for their claim appointments. The
Social Security program has faced numerous challenges this year, including
staffing losses, and the longer appointment wait times are creating a barrier
for Americans who wish to begin claiming their benefits.
» Read more about: Millions Are Now Waiting Longer To Claim Social Security – Here's Why »
Nvidia (NVDA -1.01%) has been on an incredible run in recent years. Shares have skyrocketed 978% since late July 2021 (as of July 22), a gain no investor can complain about.
But this leading artificial intelligence (AI) stock has slowed down.
If you’re on Social Security, it’s easy to feel like the program has never been in worse shape than it is today. Average benefits might be at record highs, but checks are losing buying power every year, and we’re only six ways away from a potential 22% benefit cut.
This isn’t the first time Social Security has been in a tight spot,
» Read more about: How Washington saved Social Security in 1983 »
In less than a decade, your Social Security benefit could plunge by 22%. That alarming truth is the result of the shaky financial ground that the program currently rests upon.
Find out more about why you might lose nearly one-quarter of your benefit and how likely it is that such an event could undermine your retirement plan.
» Read more about: Millions of Retirees Could See Social Security Reduced by 22% – Here’s Why »
It’s hard to beat the market, especially when it’s doing well. S&P Global provides an annual “scorecard” of how large-cap mutual funds perform in comparison with the S&P 500, and nearly every year, most mutual funds underperform. In 2025, for example, 79% of funds underperformed when the S&P 500 gained more than 16%.
Financial analysts have warned not to expect much stability in Tesla’s share price after CEO Elon Musk defended billions of dollars of investment at the electric vehicle manufacturer,
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As the trade war escalates between the US and Canada, with the Trump administration applying a 50 percent tariff on selected goods imported from Canada,
