Investors Don’t Like Trump’s ‘Big, Beautiful Bill’

New York Times: “Tax cuts pushed by the Trump administration are amplifying debt and deficit concerns among bond investors, a powerful group of market players who strongly influence how much it costs for the government to finance its budget. The buying and selling of government debt, known as Treasuries, also influences interest rates on a wide variety of debt extended to American households and businesses, including mortgages, credit cards and car loans.”

“Those investors were already on edge over President Trump’s whipsawing tariff policy. Then this week’s attempt to push through sweeping tax cuts without significantly slashing spending — in what the president has called a ‘big, beautiful bill’ — set off a fresh bout of bond market turmoil.”

Wall Street Journal: Dow futures fall, bonds extend selloff.