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US fiscal woes rattle investors
Financial Express Kochi
|May 23, 2025
GLOBAL WORRIES DAMPEN SPIRIT
EQUITIES TOOK A sharp tumble on Thursday in sync with other stock markets as skittish investors took risk off the table. Soaring yields on US treasuries, amid fears of increasing debt and a widening fiscal deficit weighed on the investor sentiment.
With the US House of Representatives passing President Donald Trump's tax Bill, by a razor-thin margin, futures markets were subdued in early Thursday trading. The new tax and spending Bill could add about $3.8 trillion to the $36 trillion US debt pile.
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