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House GOP Passes Bill: $3.1 Trillion Debt Risk

5/27/2025

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Summary

Story summary

House Republicans approved a tax-and-spending bill, potentially increasing national debt by $3.1 trillion over ten years.
Bond yields rose sharply, with 30-year Treasury yields surpassing 5%, pushing mortgage rates above 7%.
President Trump’s policies encounter resistance from GOP members, heightening worries about U.S. creditworthiness and fiscal responsibility.

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Story summary

House Republicans approved a tax-and-spending bill, potentially increasing national debt by $3.1 trillion over ten years.
Bond yields rose sharply, with 30-year Treasury yields surpassing 5%, pushing mortgage rates above 7%.
President Trump’s policies encounter resistance from GOP members, heightening worries about U.S. creditworthiness and fiscal responsibility.