Investors burned by President Trump’s trade fight now have to contend with a spending megabill that risks swelling the federal deficit.

America’s swelling federal deficit is unnerving global investors.Haiyun Jiang for The New York Times“A bad risk”

Volatility has returned to the markets. As President Trump’s trade war continues, global investors are fretting about America’s rocky finances while congressional Republicans negotiate a spending megabill that could add $3.3 trillion to the deficit over the next decade.

House Republicans, holding a tiny majority, are aiming for a floor vote this week whose outcome is uncertain. Trump, whose promised tax cuts hinge on the bill’s passage, is heading to Capitol Hill on Tuesday to try to get lawmakers onboard.

Investors are wary of the fiscal risk. The prospect of adding significantly to the federal deficit has given the normally rock-solid market for U.S.

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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