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Dow sinks 800 points as bond market starts to freak out over Trump’s tax bill
The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their worst day in one month. Stocks moved sharply lower and bonds sold off after a 1 p.
Why Washington’s Huge Tax Bill Is Worrying Bond Investors
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.
Tepid demand for US Treasury auction shows investor jitters about tax bill, deficit
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.
How much will Trump's tax bill save you? Gains could vary by income.
The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.
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When does 'no tax on tips' begin? Latest moves made on Trump's campaign promise
The Senate passed a bill on Monday which aims to eliminate taxes on tips in the United States. While it still has a long road before it takes effect, here's what Tennesseans should know.
US stock futures dip, bond yields climb as Trump's tax bill standoff unfolds
U.S. stock index futures slipped and Treasury yields surged on Wednesday amid growing fiscal anxiety as investors focused on discussions around U.S. President Donald Trump's tax-cut bill that has been plagued by Republican infighting.
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Karoline Leavitt said Donald Trump’s ‘big beautiful bill’ won’t add to the deficit. But it will.
As House Republicans continued their efforts to advance what President Donald Trump calls his "big, beautiful bill" of tax and spending cuts, White House Press Secretary Karoline Leavitt played down the bill’s expected federal deficit impact.
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