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Budget

Bond Market Shudders as Tax Bill Deepens Deficit Worries

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.

The House Passed Trump’s Megabill. Bond Investors Are Worried.

Republicans brought the president’s tax cuts one step closer to reality, but Wall Street remains on edge about the fiscal costs.

Trump Has Cut Science Funding to Its Lowest Level in Decades

The lag in funding extends far beyond D.E.I. initiatives, affecting almost every area of science: chemistry, computing, engineering, materials and more.

Democrats Hammer Linda McMahon Over Education Department Cuts

Ms. McMahon defended President Trump’s budget proposal, which puts her agency on the chopping block.

E.U. Offers Emergency Funding for Radio Free Europe After Trump Cuts

The European Union said it would provide short-term financing for Radio Free Europe, but the amount falls short of what the news outlet says...

House G.O.P. Races to Revamp Major Policy Bill, Grasping for Votes to Pass It

A key committee met after midnight on Wednesday and worked through dawn as Republican leaders finalized changes aimed at winning over holdouts in hopes...

Trump’s Tax Policy Collides with Market Reality

Another spike in Treasury bond yields puts lawmakers in a tricky spot as they push for big cuts that could drastically swell America’s debt...

Why Trump’s ‘Big, Beautiful’ Tax Bill Is Worrying Bond Investors

Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.

U.S. Debt Is on Pace to Set a Record. (The Data Goes Back to 1790.)

If Republicans pass their tax and spending megabill, the record will arrive even sooner — putting America’s debt at more than 113 percent of...

Market Jitters Over a ‘Big, Beautiful’ Bill

Investors burned by President Trump’s trade fight now have to contend with a spending megabill that risks swelling the federal deficit.

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