Surging Long-Term Rates Stoke GOP Tensions on Paying for Tax Cut

Published on January 18, 2025

Surging long-term interest rates and stubborn inflation are inflaming divisions among congressional Republicans over paying for the sweeping tax cuts Donald Trump promised, complicating the path to passage with the party’s already tenuous majority.

Continue reading on website
Other news

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

January 18, 2025
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.

2025 Credit Outlook: On Firm Ground, Despite Shifting Political Sands

January 18, 2025
New policies could disrupt markets, but high starting yields and strong demand for income should provide ballast.