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Trump Tax Cuts Ignite GOP Turmoil, Treasury Yields Surge

5/22/2025

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Trump's Tax Turmoil

Amid escalating worries about soaring debt and deficits, the Trump administration's tax cut bill sparked fierce debates among Republicans on Wednesday. This turmoil sent U.S. Treasury yields soaring, with the 10-year yield hitting 4.6% and the 30-year yield exceeding 5%, as investor appetite for government bonds dwindled.

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Trump's Tax Proposal Struggles

The S&P 500 took a hit on Wednesday as President Trump's tax-cut proposal faced pushback from within his own party. An overnight House hearing focused on contentious Medicaid cuts, while U.S. Treasury yields climbed. Major players like UnitedHealth and Target saw declines, but Bitcoin soared to an astonishing record high of $109,481.83.

Center

Walmart's Profit Concerns

The S&P 500 surged 5% after a U.S.-China tariff agreement sparked renewed market optimism. Yet, Walmart's CEO cautioned that tariffs could still dent profits, despite a strong earnings report. To counter rising costs, Walmart plans to strengthen supplier ties and ramp up U.S. production, while investors eye potential price increases with concern.

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Trump's Tax Turmoil

Amid escalating worries about soaring debt and deficits, the Trump administration's tax cut bill sparked fierce debates among Republicans on Wednesday. This turmoil sent U.S. Treasury yields soaring, with the 10-year yield hitting 4.6% and the 30-year yield exceeding 5%, as investor appetite for government bonds dwindled.

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