Tax cuts on the back burner are sending stocks into a tailspin.

Despite President Trump’s repeated statements, Senate Republicans went ahead anyway and passed a huge spending bill without any DOGE offsets and most importantly no Trump tax cuts. The stock markets have been watching this all week and don’t like it one bit. On Friday, the Dow fell more than 700 points, after dropping nearly 400 points Thursday, and score that a 1,300 point swoon for the week.