We shouldn’t be passing any legislation that makes the debt worse,” says @mayamacguineas. “We should be passing legislation that reduces the debt, doesn’t add a penny, let alone $5.5trn.” The new tax bill, on “Checks and Balancehttps://t.co/oyq4ZChc8y ...

Hong Kong builder Parkview is considering selling artwork worth over $25.5 million to pay down debt and help secure a refinancing deal linked to one of Beijing’s most iconic complexes, according to people familiar with the matter https://t.co/uYvrWmM4f0 ...

Government Spending & Policy - The US Congress passed a multi-trillion dollar spending bill that includes tax cuts, increased military spending, and funding for mass deportations, offset by cuts to food aid, clean energy, and Medicaid [1] - The bill is projected to add $33 trillion to the national debt [1] - A Democratic Super PAC poll indicated that nearly 50% of Americans were unfamiliar with the legislation [1] Healthcare & Social Safety Nets - The bill includes steep cuts to Medicaid and SNAP, potentially leading to millions of Americans losing access to coverage [1] - Republicans argue that Medicaid is in need of reform [1] - Some cuts in the bill will take effect after the midterms [2] - Rural hospitals are already facing tough decisions, including layoffs and service cuts, due to uncertainty about Medicaid funding [2] Political Landscape - The bill passed largely on party lines, demonstrating President Trump's dominance within the Republican party [1] - Some Republicans expressed concerns about the Medicaid cuts and the increase in the national debt [1] - Democrats are attacking the bill's overhaul of social safety net programs [1] - A Fox News poll indicated that 59% of people don't like the bill [2]

Commodity trading giant Glencore has a clause in its supply agreement with Prax Lindsey Oil Refinery enabling it to take control of its facility in northern England if the debt it’s owed isn’t repaid https://t.co/RxGJqftysd ...

Colombia is seeking to borrow as much as $10 billion in Swiss francs to fund the repurchase of more expensive liabilities in a bid to rein in the nation’s burgeoning debt service costs https://t.co/daXpd00VDU ...

Private US companies are running out of room to manage their growing debt loads, potentially posing trouble for their direct lenders, according to one distressed-debt firm https://t.co/Va1bXWW0zL ...

US Politics and Legislation - House Republicans are facing challenges in passing the Trump budget deal, which involves debt increases and healthcare cuts [1][2] - Democrats are highlighting flaws and moral issues within the bill, hoping for a change of heart in the House [5] - The bill is considered unpopular across party lines, with potential negative impacts on healthcare, veterans, and rural hospitals [6][13][17][19] - The bill is fiscally irresponsible, adding $3.3 trillion to the debt and potentially leading to inflation and increased costs for Americans [26][27] - Republicans may face political consequences due to healthcare cuts and other unpopular aspects of the legislation [13][14] Corporate Influence and Ethics - Paramount (CBS's parent company) paid $16 million to Donald Trump, allegedly to expedite a merger approval, raising concerns about bribery and quid pro quo [32][33][36][37] - Amazon previously paid Melania Trump $41 million for a documentary, a sum considered far above market value, adding to suspicions of improper influence [37][40] - There is a pattern of companies making payments to Trump or his interests, potentially to avoid government trouble [35][39] Social and Economic Issues - Medicaid cuts could put 300,000 people at risk of losing coverage and potentially close 300 hospitals across the country [17] - Affordability and cost of living are key issues for voters, as demonstrated by a New York City mayoral race focused on these concerns [48][49][50][52] - California is rolling back some green reforms to address the housing crisis and prioritize affordability for working and younger people [85][87][89] Legal and Social Justice - Sean Diddy Combs was found not guilty of sex trafficking but guilty of lesser crimes, leading to mixed reactions and discussions about the justice system [56][57] - The verdict in the Diddy case has sparked debate within the hip hop community, with concerns about the protection of women and trust in the legal system [67][68][80] - There are concerns about potential biases in the legal system, including racism and the treatment of Black men accused of sex crimes, as well as the protection of Black women as victims [74][75][76]

Today, Democrats are highlighting that the bill is not just unpopular from some liberal or centrist perspective, but that it is fundamentally flawed, some say immoral, and thus they say this is still a chance, the delay in the House, for people to come to their senses. Don't tell me you give a about the middle class when all you're doing is on the middle class. Vice President said these cuts are immaterial. This bill is a deal with the devil. Mitch McConnell says people will get over it. There's a special p ...

Australia’s debt manager is considering scaling back its issuance of ultra-long bonds as rising yields make funding more expensive https://t.co/IM19ID4HPf ...

Market Impact of Potential US Budget Bill - The market's current interpretation of the budget bill focuses on its potential as a massive net injection of money into the economy, which is expected to boost GDP growth and be positive for stocks [2] - Concerns about the debt side are not currently driving market dynamics, but the risk of the bill failing or facing extended delays is potentially underestimated by the market [3][4] - The market is trading positively, with small caps rallying, indicating a broadening of the bullish sentiment [4][5] Dollar's Depreciation Trend and Potential Bounce - The long-term trend for the dollar is depreciation, expected to continue for a couple of years, with potential targets of 130 and possibly higher [7] - A short-term bounce in the dollar is possible due to a public position squeeze, as short-term players have shifted from long to slightly short positions [8] - A risk-off event could act as a catalyst for a positioning squeeze, potentially triggered by the tax bill failing or upcoming trade deadlines [10][11] - A risk-off catalyst could cause deleveraging and squeeze out short positions, leading to a short-term bounce of a couple of percent [12]