The bond market has a sleepy reputation, but it can pack a punch when alarmed. And worries are now growing about tax cuts pushed by Washington and how they'll inflate the U.S. government's debt.

Financial markets are looking for more “fiscal discipline” from Washington, a top official at the Federal Reserve warned.

In the past, when bonds sold off, it typically was seen as a promising sign for stocks. It meant that traders were betting on a stronger economy — but not this time.

A Georgia teen detained by U.S. Immigration and Customs Enforcement after police mistakenly charged her with traffic violations will be released on bond as her deportation proceedings begin, a judge ruled Wednesday,

Cristobal, 19, who was brought to the U.S. from Mexico when she was four years old, still faces deportation charges, the Trump administration said.

Sheldon Whitehouse (D-R.I.) and Environmental Protection Agency (EPA) Administrator Lee Zeldin got into a shouting match over agency grant cancellations during a Senate hearing Wednesday. Whitehouse was questioning Zeldin over whether the EPA conducted individual reviews of the grants it had canceled amid sweeping funding cuts across the government under President Trump.