Yesterday, the US Senate passed President Trump's 'Big Beautiful Bill'. As the Motley Fool's Sebastian Bowen wrote, this budget bill is one of the most controversial in American history. It increases the US national debt by up to US$3.3 trillion over the next decade, funded by tax cuts, abolishing taxes on tips and overtime, and increasing spending on defence and border security. It also makes large cuts to US healthcare programs, including Medicaid. According to JP Morgan, investors started paying attention to the US fiscal trajectory after ratings agency S&P Global downgraded the debt in 2011. Recently, the ... (full story)