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Tax Bill Advances, Yields Rise | The Opening Trade 05/23
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May 23, 2025
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1:36:30Now PlayingUS President Donald Trump’s signature tax bill narrowly passed the House and is now heading to the Senate, where groups of Republicans are pressing for extensive change. Lawmakers plan to vote on approval by August. The bill includes a $4 trillion increase in the US debt ceiling, which the Treasury Department forecasts could otherwise force a default as soon as August or September, adding urgency to the timeline. Long-end treasury yields continue to rise.
Overnight, the Trump administration blocked Harvard University from enrolling international students, saying the oldest American college "has created an unsafe campus environment by permitting anti-American, pro-terrorist agitators to harass and physically assault individuals, including many Jewish students, and otherwise obstruct its once-venerable learning environment."
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