Trump renews call for interest rate cut, says rates would be lower if Fed chief Powell ‘understood what he was doing’

The New Jersey Democrat said he would be “supportive” of Musk spending money against the GOP budget bill.

The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.

Revisions to the “big beautiful bill” are a relief to a sector already grappling with funding challenges, competition from China and tariff uncertainty.