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- Claim Text
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The tax-and-spending bill passed by Congress this month could also provide a short-term boost to economic activity, although many budget experts have warned that it could pose a long-term risk by adding trillions to the federal debt.
- Simplified Text
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Tax-and-spending bill could boost economy short-term budget experts warn long-term debt risk
- Confidence Score
- 0.800
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "date": "2025-07-30", "policy": "Tax-and-spending bill", "subject": "U.S. Economy", "potential_impact": "Short-term boost, long-term debt risk" } - UUID
- 9fdae122-383b-4b71-a2e2-33829fd89602
- Vector Index
- ✗ No vector
- Created
- September 11, 2025 at 8:58 PM (3 days ago)
- Last Updated
- September 11, 2025 at 8:58 PM (3 days ago)
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3 days ago
https://www.nytimes.com/2025/07/30/business/us-economy-grew-in-second-quarter-as-tariffs-scrambled-data.html
US economic growth slowed in the first half of 2025 due to tariffs impacting trade and consumer spending. GDP rebounded in Q2, but underlying growth remained weak.
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