Markets Tumble After Trump's Bold Tax Plan Moves Forward
Stocks turned red as the House pushed ahead with President Trump’s ambitious “one big beautiful bill” on taxes and spending. Investors grew uneasy amid fears that the plan could strain the economy. Concerns intensified after Moody’s downgraded the U.S. credit rating, stripping it of its coveted triple-A status. Wall Street is now questioning whether the bill's sweeping changes will stimulate growth—or spark deeper financial uncertainty. As the political drama unfolds, markets remain on edge, bracing for more volatility.
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