Trump, House of Representatives and tax
Digest more
Top News
Overview
Impacts
The White House said Democrats have "never been more radical and out of touch with the needs of the American people" after voting against President Donald Trump's legislation.
Yields were slightly lower after stabilizing in the previous session, after Trump’s tax bill was passed by the U.S. House of Representatives.
House Republicans passed their "big, beautiful" reconciliation bill early Thursday morning, sending to the Senate a filibuster-proof package.
The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday with investors worried about the country's increasing debt burden as Congress wrangles with a tax and spending bill that is expected to worsen the fiscal outlook.