Episode details

Radio 4,22 May 2025,13 mins
Evan and Sarah: Can the bond market be Trumped?
The World at One HighlightsAvailable for over a year
US President Trump is expected to get what he calls his "big beautiful bill" through Congress later today. It extends the tax cuts from his first term, but in doing so adds $3 trillion to the nation's debt. A pile that has increased every year since 2001. The World At One's Sarah Montague and PM's Evan Davis discuss the power of the bond markets, after financial services company Moody's downgraded the US credit rating this week - the first time that's happened since 1917.
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