Trump Tax Cut Renewal Is Winning Wall Street Despite $4.6T Price Tag

What You Need To Know

• U.S. debt was 97% of GDP in December, and yields investors demand on 10-year Treasury bonds nearly rose to to 4.3% on Thursday.
• Congress has routinely increased spending and cut tax rates since 2001.
• Some conservatives propose targeting programs favored by Democrats, like Social Security and Medicare, to reduce the deficit.