Others, including Sen. Ron Johnson (R-WI), have voiced similar concerns about the bill’s steep cost, worrying that it is “mortgaging our children's future.”

Wisconsin, slammed a sweeping bill backed by President Donald Trump that poses major consequences for taxes, Medicaid, food stamps and more – and warned there are enough GOP senators ready to block it.

P resident Donald Trump’s “big, beautiful” tax-and-spending bill could come with a big, ugly cost, economists warn. Nonpartisan research groups studying the proposal have estimated that it would add more than $2.5 trillion to the federal debt—currently at an all-time high of $36.8 trillion—over the next decade.

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.

The U.S. House narrowly passed President Donald Trump's sweeping tax-cut bill Thursday, triggering a spike in Treasury yields as investors reacted to the bill's multi-trillion-dollar price tag and its long-term implications for debt sustainability.

There’s a stark contrast between the effects on high earners and those on low-income households in a sprawling legislative package House Republicans passed Thursday.