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.
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WISN 12 News on MSNSen. Baldwin looks to 'strange bedfellows' with Sen. Johnson as tax bill heads to SenateGOP Rep. Tom Tiffany says he'll likely decide by the August recess whether he'll launch a bid for governor in 2026. "Where can I do the most good for the people in the state of Wisconsin, and am I the best candidate?
As the 2026 midterms loom, voters are restless and eager to penalize those in power. Every election starting with 2006, with the exception of 2012, has been a change election.
Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.
(Reuters) -The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday with investors worried about the country's increasing debt burden as Congress wrangles with a tax and spending bill that is expected to worsen the fiscal outlook.
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.