Trump’s Tax Triumph: The New York Take

The Tax Bill That Won Over the House

Hey folks, you know Trump is just a signature away from that much-talked-about tax bill. Getting it through the House wasn’t easy, but they did it. The real challenge? Handling the squabbles among the Republicans. But hey, they pulled it off. The Senate is up next. Changes? Sure. But odds are on a signed bill by late summer.

Read more on the challenges faced.

A Market Not Impressed

Here’s the scoop. Markets? They should be cheering for lower taxes. But nope. Trump’s not getting the applause he’d hope for. The big story isn’t this legislative victory. No, it’s what’s happening with the bond market.

The Bond Market Blues

What’s the buzz in the bond market? Simply put: discontent. Federal borrowing? Through the roof. This tax bill just heaps more onto that pile. There’s chatter around whether treasury securities are still safe havens. Not so reassuring these days.

Check out Treasury security concerns for more insight.

Debt Crisis: Cracks in the Foundation

Talk about clouds over Trump’s office! A national debt over $36 trillion looms large. Unsustainable? You bet. The question is: Are we tiptoeing into a debt crisis? The foundation’s getting shaky, folks. Think leaks, not a full collapse.

Is this the start of something big? Maybe. Trump’s on the spot now, and honestly, there doesn’t seem to be a playbook in his hands.

For a deep dive into the national debt, take a look at current figures.

Wrapping It Up

So, on that cheerful note, what’s next for Trump’s economy? It’s a mix of victories, market jitters, and looming debt concerns. Looks like Trump’s first year is shaping up to be one to watch. Have a good one, folks!

Till next time. 🌆

For more on the Trump economy, follow Yahoo Finance.