Name: Trump Ally Sen. Jim Banks Credits Elon Musk for Cost-Cutting Efforts
Uploaded: 2025-06-05T23:30:00Z
Duration: 46 s
Description: Sen. Jim Banks of Indiana told CNN he believes the Senate could address some of the concerns about deficits generated by the House tax bill.

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Under CEO Cristiano Amon, semiconductor company Qualcomm is bringing its technology to multiple industries. This conversation was recorded on May 28, 2025.

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Qualcomm CEO Shares the Company's Disruption Strategy

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NYU Langone CEO Says This Can Help the U.S. Government Fix Healthcare

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How This Massive NYC Health System Changed Its Business Model

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Why Aon's CEO Is Betting on GLP-1 and Other Weight-Loss Meds

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Why Aon's CEO Thinks Volatility Isn't Going Anywhere

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Scott Bok, the former board chair of the University of Pennsylvania, breaks down the financial risks and implications that come with removing tax-exempt status from colleges and universities.

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Taking Away Tax-Exempt Status: A “Nuclear Weapon Against Universities”

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IPOs: Making a Comeback

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The Fed's Rate Pause, Explained

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Stock Splits Are Big This Year. Here's What They Mean for Investors.

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What to Know About Roth IRA Conversions

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Preparing Your Portfolio for a Recession

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Thinking Of Retiring Abroad? Here's What to Consider.

Billionaire-backed space companies have made space tourism a reality. How to participate in a potential private-sector space boom.

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How To Invest In Space Tourism

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Is Tesla Miles Ahead of Others in the Electric Vehicle Race?

Chinese tech company DiDi Global, which runs a ride-sharing app, has announced it plans to delist from the New York Stock Exchange. Investors are watching and waiting to see what other Chinese giants with U.S. listings, like Alibaba and JD.com, will do. Here's what delisting entails.

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What Happens When a Stock Delists?

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What's Next for Qualcomm?

On the Barron's Streetwise Podcast, Barron’s senior writer Al Root sits down with Jack Hough to discuss Toyota’s recent success with hybrids, the coolest cars at the New York Auto Show, and what’s ahead for Tesla stock.

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Is Electric Vehicle Demand Cooling Off? 

On the Barron’s Streetwise podcast, Rystad Energy’s Alexandre Ramos Peon discusses how U.S. oil producers have boosted profitability and production despite fewer wells.

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The Outlook for Oil

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Bitcoin as 'Digital Gold' 

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The $600,000 Case for Bitcoin

Kathy Jones, Chief Fixed Income Strategist at Schwab, says it might not matter. Plus, the outlook for yields and the national debt.

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Bond Funds or Individual Bonds?

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Chipotle's CEO on How He Plans to Double the Business. Again.

Jim Farley on competing with Tesla, and why Ford is favoring Level 3 autonomy over full self-driving capability.

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Ford CEO On the Outlook for EVs and Robo Cars

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Inflation, Attractive Bonds, and Value Abroad

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Are You Fiscally Fit?

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Not Your Father's Utility

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Ready for a Revamp?

The launch this year of Bitcoin ETFs has made it easier for investors to buy and trade the cryptocurrency. But is that a wise move, and if so, how much crypto should you own?

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Investing in Cryptocurrencies

Bitcoin and other digital currencies reside on software networks that aim to revolutionize everything from finance to art. Barron's talks to industry experts about the outlook for blockchain technology and its potential uses.

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Is Crypto Really a Game-Changer?

Persistent inflation means retirement savings don't go as far as they once did. We discuss the best inflation hedges, and how retirees can benefit from higher-for-longer interest rates.

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Protecting Your Nest Egg from Rising Prices

The impact of inflation is felt unevenly across the economy and markets. Learn which industries, and companies do best in a “sticky” inflation era, and how fixed income, alternative assets, and gold can help investors hedge against further price growth.

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Don’t Trim Your Inflation Hedges

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Sen. Jim Banks of Indiana told CNN he believes the Senate could address some of the concerns about deficits generated by the House tax bill. Photo: Tom Williams/Zuma Press

https://m.wsj.net/video/20250605/701f6a5c-5b19-4361-b116-54d2876e63c8/2/hls/manifest-hd-wifi.m3u8

Sen. Jim Banks of Indiana told CNN he believes the Senate could address some of the concerns about deficits generated by the House tax bill.

Trump Ally Sen. Jim Banks Credits Elon Musk for Cost-Cutting Efforts 

I'll give Elon so much credit. The DOGE effort. The White House this week released the first rescissions package, which is a direct result of Elon's work on DOGE. The Senate is going to significantly improve this bill. There are ways that we can make up for some of the deficit concerns by adjusting the salt tax provision and looking at other ways to eliminate waste, fraud, and abuse in Medicaid and Medicare.

Trump Ally Sen. Jim Banks Credits Elon Musk for Cost-Cutting Efforts

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