Reported about 20 hours ago
President Trump is grappling with the bond market's negative response to his recent tax bill, which he claimed would be 'beautiful.' Despite securing a deal with blue-state Republicans to pass the legislation in the House, rising Treasury yields and a downgraded US credit rating indicate that investors are worried about the ballooning national debt and fiscal responsibility. Critics emphasize the need for significant spending cuts to mitigate future economic repercussions, while Trump pushes for quick passage to avoid electoral backlash.
Source: YAHOO