The second implication is that there likely will be upward pressure on interest rates as widening budget deficits for 2018 and 2019 will cause a larger supply of U.S. Treasury securities to be issued to fund rising U.S. budget deficits. (wellsfargoadvisors.com)
The Federal government is expected to boost the amount it intends to borrow in the coming months, as the Treasury contends with declining tax receipts as a result of the recent corporate and personal tax cuts, as well as widening budget deficits and a Federal Reserve that is slowly reducing its own holdings of government bonds. (nytimes.com)
Also, virtually all objective analysis of the Republican plans suggests the tax cuts will widen the budget deficit and add to the debt. (canadianbusiness.com)