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Dow Jones tumbles over 800 points, bond yields spike

By Home - CBSNews.com May 21, 2025 | 4:33 PM

The Dow Jones dropped more than 800 points on Wednesday. Paul La Monica, senior writer for Barron’s, joins CBS News to examine what’s behind the selloff.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM