Page 7 - 571 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Inflation. that could slide into too much too fast. >> a reminder, it is a global problem here, not just in the united states. rachel siegel of the washington post. nice to see you. thank you so much. >> thank you so much. good news for elon musk, he's still megarich. the bad news, he's not the richest. bloomberg's rating says he's number two. arnault is worth $171 billion. musk a mere 164 billion. almost 50 reported tornadoes in the american south over two days. damage and deaths to report next.

Instead of working they used to trade crypto until surplus ran out now they're sitting back watching lord of the rings on amazon prime, they're -- playing mindless video game like fog eyes and orders cannabis from dispensaries in 19 states many whom deliver how can they get this? where is money coming from? >> that's the question mom and dad? >> enabling -- it's mom and dad it's enabling parents so you look it up and -- baby boomers are sitting on 71 billion in assets that they have to spoil their children. and you know there's other stats out there that show that 40% of parents with children ...

Below that of a firefighter or a teacher because their net worth accumulates without taxation. so this does tax unrealized gains, but it puts those resources in a prepayment fund. so once they do sell the capital gains or death as a relation here, that fund capital gains tax they would incur at that time. >> bret: the "wall street journal" points out right now the tax is flowing in, that there's a lot of revenue that's flowing in to the government. i will just read a piece of this. washington's record tax windfall in the first five months of fiscal 2022 through february. federal receipts climb...

College spending also sxepgtdxp to hit a record $71 billion. supply shortages are the problem here. high demand, running up against tight inventory and shipping delays, some items like backpacks and laptops and stationery have been in short supply since july. parents are hoping their kids will be back in classrooms. >> a lot of people watching hoping that very same thing. in a couple hours the senate will vote on the president's massive infrastructure bill, but will it pass? that is next. at usaa, we've been called too exclusive. because we were created for officers. but as we've evolved wit...

Text or an explanation on how to pay for $1 trillion infrastructure plan. what do you say to your republican colleagues? >> i've seen the text, i am the ranking member of the public works committee and we work hand-in-hand with the bipartisan group on technicalities to help merge this bill with the surface transportation bill that we passed unanimously outside of our committee, or in our committee, and also the water infrastructure bill that we passed out of our committee. so i'm very well-versed on what's in this bill and i think it could be good for the country, i think it's paid for and i t...