‘Beautiful’ Is In the Eye of the Bond Vigilantes

Bond vigilantes stare down Trump’s ‘big beautiful bill’

The NewsUS government borrowing costs rose to levels above the selloff that followed President Donald Trump’s “Liberation Day” tariffs last month, driven by traders worried by Republicans’ “big beautiful bill” that promises tax cuts far deeper than spending curbs.Yields on 10-year Treasury bonds topped 4.5% on Wednesday — higher even than the borrowing costs that partly drove Trump to suspend his tariffs — on fears that higher inflation will del…

‘Beautiful’ Is In the Eye of the Bond Vigilantes

The bottom line of Trump’s desired tax cuts will be greater deficits.

What's in the first draft of the GOP's 'big, beautiful bill' cutting taxes and spending

House Republicans advanced the largest portions of the Trump agenda package, which the president calls the big, beautiful bill, out of committee. It includes trillions in tax cuts along with changes to Medicaid that would affect millions of people. Congressional correspondent Lisa Desjardins reports on what’s in this sweeping plan.