US EditionDow Tumbles 800 Points on Worries About US Debt
- The Dow Jones Industrial Average tumbled 816 points on Wednesday amid growing worries about the U.S. Government's debt levels.
- This decline came after the House narrowly passed a multitrillion-dollar spending bill that continues tax incentives originating in President Trump's first term, which could lead to an increase in the national debt.
- The bill, called the 'One Big, Beautiful Bill Act,' passed 215-214 along party lines and is expected to change before the Senate vote, while Treasury yields surged to levels near those before the 2007 financial crisis.
- Analysts like David Morrison and Susannah Streeter commented that the rise in borrowing costs and growing debt have caused renewed investor concern and 'ripples of worry' across markets.
- These developments suggest higher government borrowing costs could squeeze the economy, making it tougher for households and businesses to obtain loans and potentially dampening investment activity.
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marketbeat.com
marketbeat.comHow major US stock indexes fared Thursday, 5/22/2025
U.S. stocks ended a wobbly day mostly lower in what has been a rocky week because of worries coming out of the bond market about the U.S. government’s mounting debt. The S&P 500 slipped less than 0.1% Thursday. The Dow…
Trump's Budget Law Is Progressing and Exacerbating the US Debt Problem
In order to raise the bill in the House of Representatives across the finish line, the Republicans threw their savings targets overboard. The important bond market shows little interest in this.
·Zürich, Switzerland
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Total News Sources247
Leaning Left41Leaning Right29Center78Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 28%
C 53%
R 20%
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