SALTfight

🚨 Wall Street on Edge as Congress Fumbles Budget Talks! 💸📉

Markets are wobbling — and it’s not about inflation or Fed rates this time.
Congress is the new chaos generator.

Here’s what’s happening:

GOP lawmakers stall budget bill over SALT tax deduction demands 🧾

Trump steps in, but even his push hasn't broken the deadlock

Memorial Day goal? Slipping fast… ⏳

Why This Matters:

More delays = more uncertainty

If passed, the bill could flood markets with Treasury debt

That risks higher borrowing rates, pressure on the dollar, and a hit to stocks & crypto

Wall Street reaction:

S&P 500, Nasdaq, and Dow all closed red

Futures sliding Wednesday morning

30-year yield near 5% = bond market stress rising fast! 📉

What Experts Are Saying:

UBS warns: “This bill could balloon the $36T deficit and strain bond demand.”
BofA flags: “A bond-buyer strike is possible — rates could spike, dollar could dip, equities might slide.”

Until Congress figures it out, investors are watching with caution — and crypto is in the splash zone.

#BudgetBattle #WallStreet #CryptoWatch #SALTfight #TrumpBill