Description
There's an old Wall Street proverb that the market climbs a wall of worry. But what happens when that wall becomes a mountain of debt? On Thursday morning, U.S. stock futures limped upward, shrugging off a gut-wrenching midweek slump. This measured rebound comes on the heels of a seismic event: the House of Representatives' razor-thin passage of President Trump's sweeping tax-and-spending bill, a legislative behemoth that could saddle the federal budget with nearly $3.8 trillion in new debt over the next decade.