As we wrap up another eventful week, let’s take a look at the top stories that made headlines. From Mark Cuban endorsing a progressive deficit reduction plan to the World Economic Forum’s sobering gender equality forecast, there’s a lot to unpack. We also saw President Trump green-lighting a major steel merger and Elon Musk predicting a future without jobs. Here’s a quick rundown of these stories.
Mark Cuban Backs Ro Khanna’s Deficit Reduction Plan
Billionaire entrepreneur Mark Cuban has shown support for Rep. Ro Khanna’s (D-Calif.) “Progressive Deficit Reduction Plan.” The plan aims to cut the U.S. deficit by $12 trillion over the next decade, with a significant portion of the cuts coming from spending reductions. The plan was unveiled on June 10, 2025, and seeks to lower the deficit-to-GDP ratio to 3% by 2034, a figure well below the historical average of 3.8%.