Trump’s tax cuts hang in the balance. Why the stakes of debt-ceiling fight are higher than ever.

The so-called “x-date,” or when the government’s cash pile will be exhausted, is always important for bond-market watchers, but this time around, it could also be pivotal for the success or failure of President Donald Trump’s tax agenda.

Apr 29, 2025 - 21:17
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Trump’s tax cuts hang in the balance. Why the stakes of debt-ceiling fight are higher than ever.
The so-called “x-date,” or when the government’s cash pile will be exhausted, is always important for bond-market watchers, but this time around, it could also be pivotal for the success or failure of President Donald Trump’s tax agenda.