Stock and bond markets are sitting on a knife’s edge of doubt over the Trump administration’s tariffs and the impact of Congress’ budget bill on the federal deficit. Bond-rating agency Moody’s last week downgraded America’s credit worthiness.

President Donald Trump is sending stocks lower again, this time after threatening 50% tariffs on the European Union that could begin in a little more than a week.

Demand for the bonds was the lowest since February, according to the Treasury Department.

Trump’s agenda of tax cuts would put more money in people’s pockets.

Some of those could easily alienate House Republicans who already swallowed considerable reservations about the bill to vote “yes.”