Polls project the country will pick a leftwing leader in Tuesday’s presidential vote
Investors are fretting about a clause that would penalise foreign holders of US assets
Legislation would erode the appeal of US financial assets, warn banks and investors
Billionaire’s comments are strongest rebuke of US president’s agenda yet
Legislation would slash taxes, reduce social spending and increase federal debt
Analysts warn legislation represents ‘sledgehammer strikes’ to green power industry in the US
Sweeping cuts and increased debt risk alienating voters and investors
Also in today’s newsletter, Democrats struggle to rebuild their party as Biden’s diagnosis sparks renewed Republican attacks
The president has staked his second-term agenda on the sprawling tax-and-spend legislation
Mike Johnson overcomes sticking point on taxes but needs to placate fiscal conservatives in his party ahead of vote
The president’s fiscal plans deepen concerns over America’s public finances
Top official Gita Gopinath warns over country’s ‘ever-increasing’ debt burden
President tells members of Congress they will face significant increase in taxes if they fail to pass legislation
Investors say Treasury market is already at an ‘inflection point’ as fiscal worries rise
Some US college funds rush to complete sales ahead of potential changes to investment taxes
Government had already cut $2.2bn in funding to university and US president threatened to scrap its tax-exempt status
Congressional committee publishes draft law scrapping subsidies for renewables and electric vehicles
Move would breach Republican orthodoxy and comes as president seeks to pay for broader fiscal package
Comments by US president signal further escalation in his attacks on American universities
A tariff is a tax, but a tax is not a tariff
The country’s windfall from overseas drug companies was aided by the US president’s own tax bill
The choice of ebit versus ebitda matters quite a bit for many companies
Congressional Budget Office’s forecasts come after Moody’s warned on the country’s public finances this week
Elite US schools including Harvard, Stanford and Princeton could see levies on investment gains raised as high as 21%
Republicans are indulging in budgetary chicanery in order to preserve Trump’s tax cuts
