{"id":51910,"date":"2025-08-13T02:08:38","date_gmt":"2025-08-13T06:08:38","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-debt-surpasses-37-trillion-amid-one-big-beautiful-bill-passage-asian-markets-rally-on-fed-cut-hopes\/51910\/"},"modified":"2025-08-13T02:08:38","modified_gmt":"2025-08-13T06:08:38","slug":"u-s-debt-surpasses-37-trillion-amid-one-big-beautiful-bill-passage-asian-markets-rally-on-fed-cut-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-debt-surpasses-37-trillion-amid-one-big-beautiful-bill-passage-asian-markets-rally-on-fed-cut-hopes\/51910\/","title":{"rendered":"U.S. Debt Surpasses $37 Trillion Amid &#8220;One Big Beautiful Bill&#8221; Passage; Asian Markets Rally on Fed Cut Hopes"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. national debt<\/strong> has surged past <strong>$37 trillion<\/strong>, reaching this milestone years ahead of projections, following the passage of the &quot;One Big Beautiful Bill Act&quot; in the House.<\/li>\n<li>Representative <strong>Thomas Massie<\/strong> expressed strong opposition to the bill, warning that it would significantly <strong>increase budget deficits<\/strong>, leading to sustained <strong>inflation<\/strong> and <strong>high interest rates<\/strong>.<\/li>\n<li>The <strong>&quot;One Big Beautiful Bill Act,&quot;<\/strong> a <strong><a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>-backed<\/strong> legislative package, includes provisions to make <strong>2017 tax cuts permanent<\/strong> and aims to raise the <strong>debt ceiling<\/strong> until after the <strong>2026 election<\/strong>.<\/li>\n<li>Asian stock markets are experiencing gains, reportedly buoyed by recent highs on <strong>Wall Street<\/strong> and growing expectations for <strong>Federal Reserve<\/strong> interest rate cuts.<\/li>\n<\/ul>\n<h2>U.S. Debt Reaches Alarming $37 Trillion Mark<\/h2>\n<p>The <strong>United States&#39; national debt<\/strong> has now exceeded an unprecedented <strong>$37 trillion<\/strong>, a figure reached significantly earlier than anticipated. This substantial increase comes on the heels of the House of Representatives passing the &quot;One Big Beautiful Bill Act.&quot; The legislation, which narrowly passed the House with a vote of <strong>218-214<\/strong>, is now set to proceed to the Senate for further consideration.<\/p>\n<p>Representative <strong>Thomas Massie<\/strong> (R-KY) was a vocal opponent of the bill, casting one of only two Republican votes against it. Massie articulated concerns that the act would &quot;significantly increase U.S. budget deficits in the near term, negatively impacting all Americans through sustained inflation and high interest rates.&quot;<\/p>\n<p>The <strong>&quot;One Big Beautiful Bill Act,&quot;<\/strong> championed by <strong>President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong>, is a comprehensive legislative package designed to implement various tax and spending measures. Key provisions include making the <strong>2017 Trump tax cuts permanent<\/strong> and increasing state and local tax deductions. A primary objective of the bill is also to raise the <strong>debt ceiling<\/strong> to cover federal borrowing needs until after the <strong>2026 election<\/strong>, aiming to avoid future political confrontations over the debt limit. Critics, including Senator <strong>Rand Paul<\/strong> (R-KY), have also voiced apprehension that the bill, if it leads to a <strong>$4 trillion or $5 trillion<\/strong> increase in the debt ceiling, indicates a failure to address the underlying deficit issues. The bill is projected to maintain federal spending at <strong>President Biden&#39;s<\/strong> levels.<\/p>\n<h2>Asian Markets Climb Amid Fed Cut Expectations<\/h2>\n<p>In global markets, Asian stocks are showing a positive trajectory, reportedly climbing in response to strong performances on <strong>Wall Street<\/strong> and increasing investor confidence regarding potential <strong>Federal Reserve<\/strong> interest rate cuts. <em>The optimistic sentiment reflects a belief that central banks may soon ease monetary policy, which typically provides a boost to equity markets.<\/em> This development follows a period where global markets have closely watched inflation data and central bank signals for clues on future rate decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. national debt has surged past $37 trillion, reaching this milestone years ahead of projections, following the passage [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[3710,4222,4380,4821,6714,6804,6938,8689,8690],"class_list":["post-51910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-federal-reserve","tag-interest-rates","tag-stock-market","tag-economic-policy","tag-asian-markets","tag-national-debt","tag-thomas-massie","tag-us-debt","tag-one-big-beautiful-bill-act"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/51910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=51910"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/51910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=51910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=51910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=51910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}