Politico: “Trump promised during the campaign that a combination of lower taxes, more energy production, looser regulations and punishing tariffs would generate ‘explosive’ growth to pay down the debt. And government budgets would shrink by ‘trillions,’ he said, with Elon Musk and Vivek Ramaswamy tasked with tackling government waste.” “But Trump has also vowed that he won’t touch entitlement programs like Social Security and Medicare, which are by far the chief drivers of the debt and are projected to be insolvent by the mid-2030s.
BING NEWS:
- Trump Puts Bank Regulators on the Block
The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington. Advisers have asked potential nominees whether the ...
12/12/2024 - 11:32 pm | View Link - There are 3 ways Donald Trump can reduce the risks from America's soaring debt, Pimco economist says
Some of Trump's policies could generate billions in revenue for the US over coming years if implemented correctly, a Pimco economist wrote.
12/12/2024 - 4:51 am | View Link - Trump Seen as Unlikely to Stall Pace of Sustainable Debt Sales
Sustainability chiefs on Wall Street expect borrowers to continue to tap the booming global debt market to fund their sustainability goals, even during Donald Trump’s less ESG-friendly administration.
12/11/2024 - 8:39 am | View Link - Fear Over Trump Tariffs Sending Americans Into Debt, Study Shows
One in three Americans are stockpiling daily necessities like toilet paper and non-perishable food out of fear that President-elect Donald Trump’s pledge to add tariffs to imported goods will lead to ...
12/6/2024 - 6:54 am | View Link - Democrats are urging Biden to cancel student debt for thousands of borrowers before Trump takes office
Biden should process student-loan forgiveness applications for PSLF and defrauded borrowers before his term is up, Democratic lawmakers say.
12/4/2024 - 6:19 am | View Link - More
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