A fiscal fight is brewing in the court of Donald Trump

Quick Summary:

In other words, this week’s debt ceiling skirmish could merely be a prelude to bigger battles in 2025.Expect it to get nasty.

Trump has pledged to make policy changes that could add many trillions more to the debt, while also threatening to weaken the dollar and undermine the independence of the Fed.

Some see little need to panic about this debt pile, arguing that the dollar’s reserve currency status will force global investors to keep gobbling up Treasury bonds.

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Article Details

Author / Journalist: Gillian Tett

Category: MarketsFinanceInvesting

Markets: United StatesChinaSaudi Arabia

Topics: Musk Recent Bond Fight Washington Government Debt Trump Financial Ceiling Wealthy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 11:00:29 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 903 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24567544

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 17 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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Publisher ID: #3

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