đš Wall Street on Edge as Congress Fumbles Budget Talks! đžđ
Markets are wobbling â and itâs not about inflation or Fed rates this time.
Congress is the new chaos generator.
Hereâs whatâs happening:
GOP lawmakers stall budget bill over SALT tax deduction demands đ§Ÿ
Trump steps in, but even his push hasn't broken the deadlock
Memorial Day goal? Slipping fast⊠âł
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! đ
What Experts Are Saying:
UBS warns: âThis bill could balloon the $36T deficit and strain bond demand.â
BofA flags: âA bond-buyer strike is possible â rates could spike, dollar could dip, equities might slide.â
Until Congress figures it out, investors are watching with caution â and crypto is in the splash zone.
#BudgetBattle #WallStreet #CryptoWatch #SALTfight #TrumpBill