One Big Beautiful Bill
July 8, 2025 — On July 3rd, Congress approved the sweeping One Big Beautiful Bill Act, which was signed into law on Independence Day, meeting the deadline for the bill set out at the beginning of the year. In this week’s Notes, we explore how the bill exemplifies the policy trade-off of the moment: short-term economic and market support in exchange for higher structural deficits that will eventually demand attention.
Featured Insights
Fixed Income
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