Stock futures moved lower Thursday after major indexes posted steep declines yesterday amid mounting concerns about the federal deficit as a budget bill works its way through Congress.

Stock index futures were muted on Friday, while yields were flat, as focus remained on the country's fiscal situation ahead of the long weekend.

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Fears have grown that a new U.S. budget bill would put even more stress on the country’s already large deficit.

Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys.

Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Fears have grown that a new U.S. budget bill would put even more stress on the country’s already large deficit.

At least seven Fed officials including St. Louis Fed President Alberto Musalem are expected to speak later in the day. "The hawks are expected to support the current 'wait-and-see' approach, with the doves most likely highlighting the recent soft inflation report and the lingering uncertainty from tariffs,