US Republicans push towards tax cut bill, sparking unease in bond markets

Republican lawmakers in the House of Representatives in Washington on Wednesday appeared closer to finding common ground on new tax bill which will enact sweeping tax cuts. That news has jolted US bond and stock markets on the assumption that it could add trillions of dollars to the national debt and affect the government's creditworthiness. Also, Nvidia CEO calls US semiconductor export controls a failure.

May 22, 2025 - 14:00
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US Republicans push towards tax cut bill, sparking unease in bond markets
Republican lawmakers in the House of Representatives in Washington on Wednesday appeared closer to finding common ground on new tax bill which will enact sweeping tax cuts. That news has jolted US bond and stock markets on the assumption that it could add trillions of dollars to the national debt and affect the government's creditworthiness. Also, Nvidia CEO calls US semiconductor export controls a failure.
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