In the world’s biggest bond market, investors are pushing back against President Donald Trump’s tax-cut plan.On Wednesday, they drove yields on benchmark 30-year Treasuries to as high as 5.1%, leaving them just shy of a two-decade high and sparking declines in stocks and the dollar,

U.S. markets tumbled Wednesday on worries over the country’s deteriorating fiscal health. The U.S. debt-and-deficit situation is bad and facing real prospects of getting worse. Bitcoin prices touched a new high of $109,

President Trump yesterday declared himself the biggest "fiscal hawk" in Washington. He then spent the next hour urging Republicans to unite behind the most budget-busting legislation in modern U.S. history.

Yields on the 30-year bond reached 5.089%, the highest since October 2023, after a lackluster auction for 20-year securities. Yields on the 10-year Treasury note rose to 4.595%, the highest since February.

President Donald Trump said Wednesday evening that he was giving “very serious consideration to bringing Fannie Mae and Freddie Mac public” after more than a decade of being under government oversight.

Republican budget hawks faced painful calculations Wednesday as the House inched toward advancing President Donald Trump’s “big, beautiful bill” that would saddle more generations with trillions of dollars in debt.

HONG KONG] Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.

Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s staffing cuts to the tax agency,