the 'Big, Beautiful' Tax Bill Is Worrying Bond Investors
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House Republicans are pushing to vote on their multi-trillion-dollar tax breaks package as soon as Wednesday, grinding out last-minute deal-making to shore up wavering GOP support and deliver on
U.S. stock index futures slipped and Treasury yields surged on Wednesday amid growing fiscal anxiety as investors focused on discussions around U.S. President Donald Trump's tax-cut bill that has been plagued by Republican infighting.
The greatest benefits would go to high-income households, while low-income families would see a much more modest boost, analyses show.
Stock markets were mostly down and the dollar continued to fall as concerns persisted over U.S. government debt.
The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups.
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Futures for Canada's main stock index dipped on Wednesday, retreating from a record peak in the previous session, as investors kept a cautious eye on trade developments and a debate over a sweeping U.
WASHINGTON—President Trump’s multitrillion-dollar economic agenda hinges on fractious GOP lawmakers who are at odds over the details of a tax package that could determine their fate in next year’s midterm elections.
WASHINGTON – Workers who rely on tips moved a step closer Tuesday to seeing a significant tax break when the U.S. Senate approved a new federal tax exemption. U.S. Sen. Ted Cruz, R-Texas, authored the bill, which was approved by unanimous consent, meaning no senator objected to its passage.