The "big, beautiful" tax bill is worrying the bond market. Treasury yields are back up to levels just before Trump paused some tariffs. Investors worry they could go even higher.
"We had an unsustainable budget path, and we’re amping up the volume" https://www.nytimes.com/2025/05/21/business/trump-tax-bonds-deficit-debt-tariffs.html @nytimes.com
"We had an unsustainable budget path, and we’re amping up the volume" https://www.nytimes.com/2025/05/21/business/trump-tax-bonds-deficit-debt-tariffs.html @nytimes.com
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Only if he thinks it might happen when he’s in the Oval will he change course. And when that becomes apparent it may already be too late.