Reported about 7 hours ago
Donald Trump's ambitious tax-cut proposals, anticipated to cost nearly $8 trillion over a decade, could face obstacles due to a cautious bond market reacting to the nation's growing $28 trillion Treasury debt. While Republican lawmakers aim to expedite tax reductions as they gain control of Congress, rising Treasury yields and escalating public debt may necessitate spending cuts or alternative financial strategies. Economic forecasts indicate that Trump's proposed tax incentives might not sufficiently offset revenue losses, challenging the sustainability of his administration's fiscal objectives.
Source: YAHOO