Our deficit is $2 trillion and you know you guys focused on the fact this is going to add two and a half or three trillion dollars and obviously there'll be some offset for tariffs. It's going to go from $30 trillion of debt to 50 trillion in 10 years. It's not the three trillion that matters. It's the extraordinary additions being added each year.And so I I'm happy we have the the tax bill in place. You know the tax side where you you know your R&D expension is you know your physical equipment expensing an ...

Monetary Policy & Inflation Outlook - The independence of the Federal Reserve is critical for both the current and future chairs [1] - The market is pricing in a full point (100 basis points) of rate cuts by the Fed this year [1] - Inflation is primarily a fiscal and monetary phenomenon, not driven by tariffs [3] - The industry anticipates soft growth numbers will lead the Fed to ease policy, potentially finding themselves behind the curve in September [6][10] Fiscal Policy & Economic Conditions - Government spending growth has slowed significantly, from a 45% increase in the first six months of fiscal year 2021 to a 5% increase currently [4] - Money supply growth has also slowed, from 27% to 4%, compared to a 50-year average of 6-7% [5] - The industry does not expect a significant inflation surge due to the changes in fiscal and monetary policy [6] Treasury Market & Investment Strategy - The industry suggests underweighting the back end of the Treasury market, maintaining a 70% stocks, 30% bonds allocation [7] - There is pressure on the back end of the curve due to factors such as the JGB market, slowing of QE in Japan, and spending out of Germany [8] - The two-year to five-year part of the Treasury curve may represent a good investment opportunity if weak economic data emerges [9]

President Donald Trump secured a sweeping shift in US domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes and curtails spending on safety-net programs https://t.co/Fs4M8Mqrn8 ...

President Donald Trump secured a sweeping shift in US domestic policy as the House passed a $3.4 trillion fiscal package. Listen to that and the latest stories on Bloomberg News Now. https://t.co/zvf5RkvlZO ...

For more reaction to the House vote on President Trump's mega bill, let's bring in Dan Clifton, head of policy research for Strategus Securities. Dan, great to have you with us. Probably a long night for you as well.Are you surprised um at where we are right now. And and sort of give us a bigger picture view of this. How important is this in terms of the passage of this bill ultimately to the Trump agenda for the remaining of his term, which is quite a long time.Well, first, thank you for having me on this ...