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ECONOMY

Trump's Tax Bill Passes House, Deficit Concerns Rise

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The House passed President Trump's tax bill, which includes tax cuts and increased defense spending. While boosting short-term economic growth, it's expected to increase the national deficit. Treasury yields remain elevated, reflecting investor uncertainty. Stock markets reacted cautiously. Positively, the Supreme Court hinted at protections for Federal Reserve members against presidential dismissal.

Prepared by Christopher Adams and reviewed by editorial team.

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