US Debt Limit Nail-Biter Looms As Senate Ponders Trump Tax Bill

House Delivers Shocker—Nail-Biter Vote On Trump’s Signature Bill | The Right Wing Club

In a razor-thin 215-214 vote late Wednesday night, House Republicans managed to pass President Donald Trump’s top legislative priority: the “Big Beautiful Bill.” The bill now heads to the Senate, where it faces an uphill battle—but its survival in the House is already a political upset. The final tally was closer than anyone expected, with two Republicans—Reps. Thomas Massie and Warren Davidson—voting against the measure. Despite their defection…

US Debt Limit Nail-Biter Looms As Senate Ponders Trump Tax Bill

Chances of a close brush with a US payment default are growing as the Senate plans for time-consuming revisions to President Donald Trump’s sprawling, multi-trillion-dollar tax and spending package.Republican congressional leaders attached an increase in the US legal debt limit to the president’s signature economic legislation. That gambit adds urgency to the enactment of a top-priority bill, but could put averting a default at the mercy of the …

USD/CAD Forecast: Trump Tax Bill Sparks US Debt Worries

The USD/CAD forecast indicates a growing likelihood that Trump’s tax bill will be passed into law. Traders are pricing a 67% chance of a Fed rate cut in September. Market participants are pricing a 27% chance of a BoC rate cut in June. The USD/CAD forecast indicates a growing likelihood that Trump’s tax bill will be passed into law, increasing the US government’s debt and hurting the dollar. Meanwhile, in Canada, BoC rate cut expectations have…