Trump’s tax and spending law is a short-term win but long-term headache for Wall Street
Government
New York CNN — President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street — but fueling concerns about the long-term health of the US economy, investors say. The “One Big Beautiful Bill,” which Trump signed into law on July 4, is a positive for investors because of the certainty it provides for markets. But the bill is set to worsen the nation’s debt burden over time, according to forecasts, which could put the government’s finances and the
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