Debt Drama Deepens: Markets React to Trump’s $3.8 Trillion Tax Bill

25.05.22

The euro fell and the yen strengthened Thursday as weak European business data clashed with mounting U.S. debt concerns. President Trump’s tax-and-spend bill passed the House, potentially adding $3.8 trillion to the U.S. debt over the next decade. This fueled further selling in U.S. Treasuries and the dollar, with investors…

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