US EditionDow Tumbles 800 Points on Worries About US Debt
- Early Thursday, the House of Representatives passed a multitrillion-dollar spending bill designed to continue approximately $4.5 trillion in tax relief from President Trump's first term, while also introducing additional tax benefits.
- The bill passed narrowly along party lines amid concerns that it could significantly increase the U.S. Budget deficit and federal debt, which has worried investors and credit agencies.
- Following the House vote, Treasury yields rose sharply, with the 10-year note climbing to 4.63% and the 30-year bond reaching 5.15%, levels near those seen at the start of the 2007 financial crisis.
- Senior analyst David Morrison noted that rising costs for long-term borrowing are linked to investors' increasing worries about the growing U.S. Budget deficit and national debt.
- Higher Treasury yields could raise borrowing costs for the government, households, and businesses and may also affect economic growth and market confidence amid ongoing economic uncertainty.
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Stocks drift to a mixed close as worries about US's soaring debt continue to weigh
NEW YORK — Stocks drifted to a mixed close on Wall Street on May 22 in what has been a rocky week so far because of worries coming out of the bond market about the U.S. government's mounting debt.
·Charleston, United States
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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…
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Leaning Left43Leaning Right35Center86Last UpdatedBias Distribution52% Center
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