How the Debt Could Hamstring Trump’s Agenda

Republicans are hunting for ways to pay for President Trump’s expensive plans while avoiding a freakout on Wall Street.The New York Times reports that House Republicans are strategizing ways to fund President Trump’s costly plans without causing a panic on Wall Street. During a closed-door meeting, Representative David Schweikert warned his colleagues about the potential consequences of the United States’ growing debt, including a loss of confidence from investors and a ripple effect on the economy. This concern over the country’s $36 trillion debt poses a significant challenge for President Trump’s agenda, as it has slowed down efforts to pass legislation and could lead to a default on the debt limit. According to Nathan Sheets, the chief economist at Citigroup, the market is more focused and concerned about the country’s fiscal situation now than it was a decade ago. 

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