‘Beautiful’ Is In the Eye of the Bond Vigilantes: John Authers

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Today’s Points:

• The Big, Beautiful Bill is here, and bond markets don’t think it’s beautiful.
• House Republicans are pressing ahead with proposals to cut Medicaid.
• But bond vigilantes still expect a higher deficit.
• As health care is politicized again, pharma stocks are suffering.
• AND: More songs on dreams and nightmares.

A Big, Beautiful Deficit

Donald Trump has a way with words. Nobody can possibly take this away from him. After six weeks dominated by a Liberation Day that was anything but, the debate has moved ...