Investor Nigel Green says President Donald Trump’s sweeping tax cuts could trigger a bond market meltdown.
Republicans, who hold narrow majorities in the House and Senate, have spent weeks trying to agree on a plan to cover the cost of extending the tax cuts — which nonpartisan analysts say could add another $4 trillion to the U.S.’s existing $36 trillion in debt over the next decade.
Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress.
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