Senator Ron Johnson (R-Wis.) has raised alarms about the potential passage of President Donald Trump's 'One Big Beautiful Bill Act' in the Senate. Johnson claims that there are 'sufficient' Republican votes to halt the bill unless there are concessions on spending cuts.

The House version of the bill is calculated to add about $3.8 trillion to the federal government's $36.2 trillion in debt over the next decade, according to the Congressional Budget Office.

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.

The major tax bill that Republicans hope to pass through the House later this week will require the federal government to borrow more heavily for the next

Reps. Warren Davidson and Thomas Massie voted against the tax cuts, both citing their concerns over the nation's debt deficit. Stephen Miller defended the bill.

President Trump’s ‘big beautiful spending’ bill is giving investors pause as bond yields move higher over debt and deficit concerns. The 10-year Treasury yield topped 4.5% creating headwinds for U.S.

However, multiple independent analyses project that if implemented, the bill would increase deficits by $3 to $4 trillion over the next decade.

President Trump’s tax plan has sparked concern among investors, driving Treasury bond yields to a nearly two decade high amid growing worries over U.S. debt.

Bond investors see a lot to be worried about from Washington policy. That could have repercussions for taxpayers.