House passes Trump's deficit-swelling tax bill
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The House version of the bill is calculated to add about $3.8 trillion to the federal government's $36.2 trillion in debt over the next decade, according to the Congressional Budget Office.
President Trump’s ‘big beautiful spending’ bill is giving investors pause as bond yields move higher over debt and deficit concerns. The 10-year Treasury yield topped 4.5% creating headwinds for U.S.
Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.
Republican budget hawks got steamrolled this week as the House passed a bill to advance President Trump’s agenda, sending concerns though financial markets about permanently higher U.S.
Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.
President Trump’s tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high amid growing worries over U.S. debt.
JPMorgan Chase Chief Executive Jamie Dimon said on Thursday U.S. President Donald Trump's massive tax and spending bill could help bring stability but it is not conducive to deficit reduction. The bill cleared a crucial hurdle on Wednesday,
The tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT)