Reported about 15 hours ago
Proposed changes by Senate Republicans to President Trump's tax-cut and spending bill are anticipated to elevate U.S. debt levels, aligning closely with the House's projections. The modifications, currently under negotiation, aim to make some business tax breaks permanent while restricting state and local income tax deductions. Analysts suggest these changes could add hundreds of billions to the bill's estimated 10-year cost, potentially raising U.S. government debt by $2.4 trillion to $5 trillion, raising concerns in the bond market.
Source: YAHOO