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.

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.

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

The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday with investors worried about the country's increasing debt burden as Congress wrangles with a tax and spending bill that is expected to worsen the fiscal outlook.

Stocks closed nearly flat. Treasury yields dip as Trump's 'big, beautiful' tax bill moves to Senate. Investors await final tax bill.

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.

By Suzanne McGee (Reuters) -Investors are fearing that projections for the U.S. debt mountain could increase further when a sweeping tax and spending bill goes through the Senate, with the risk that bond yields stay higher for longer.

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

President Trump’s “big, beautiful bill” slimly passed the House on Thursday morning after lawmakers wrestled with the legislation during an all-night session. The GOP spending bill now rests before a weary upper chamber as Medicaid reforms and deficit expansion remain concerns for Senate Republicans.