The dollar fell against a broad swathe of currencies on Wednesday, undermined by worries about the Trump administration's tax cut and spending bill, as well as a weak 20-year Treasury bond sale that reinforced a growing view that investors are shying away from U.

As President Donald Trump works to muscle his sweeping tax and spending cuts package through Congress, a network of conservative groups has undertaken a multimillion-dollar advertising blitz to spread his message to voters and pressure recalcitrant lawmakers to get in line.

Updates and the latest news as Trump addresses House Republicans about the reconciliation bill and RFK Jr. testifies to Congress about DOGE cuts and his vaccine views.

The Congressional Budget Office has said the bill, if enacted, would cause more than 8 million people to lose their coverage.

Foreign investors are anxiously monitoring negotiations over the GOP spending megabill, which threatens to further balloon the deficit. Some are responding to the market turmoil by turning away from U.

Speaker Mike Johnson was laboring to put together a series of changes aimed at winning over holdouts. President Trump was to meet at the White House with recalcitrant conservatives.

To attract buyers for the bonds that will finance that deficit, the federal government will have to pay higher interest rates.