A lot of the coverage for why the bond market doesn’t like the “big, beautiful bill” focuses on the fact that its policy changes will increase government debt by slashing taxes without raising anywhere near an equal amount of revenue elsewhere.

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, beautiful, bill."

House Republicans were jubilant after muscling through President Trump’s tax and immigration package by a single vote. But across the Capitol, senators were more cautious.