On day one, President Trump will get to work to launch the largest deregulatory agenda in history, cut taxes, and expedite permitting for drilling and fracking to lower energy costs and inflation for all Americans, said Karoline Leavitt, the transition spokeswoman and incoming press secretary. This sets the stage for Trump's focus on economic policy right from the start of his second term.
Trump blew up a bipartisan budget deal, meaning the government could shut down after midnight Saturday. His rapid changes raise concerns about market stability and future economic growth.
Critics argue that Trump is contributing to uncertainty in the economy with his recent decisions, pointing to inflation rates hovering at 2.7% and the challenges faced by the Federal Reserve.
Economic growth in Trump's first term often came with turbulence, and his latest moves suggest that similar challenges could be on the horizon as he prepares for a second term.
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