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'No endgame and no plan': Finance expert slams Trump's tariff policy

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
After a market meltdown, the president softened his rhetoric on China and on Fed Chair Jerome Powell. But now everyone's asking: will it last? Steve Liesman, Melanie Zanona, Sam Stein, and Luke Broadwater join the Midweek Nightcap.
The article from Yahoo Finance discusses the ongoing U.S. debt ceiling crisis, highlighting the lack of a clear resolution plan as the deadline approaches. Treasury Secretary Janet Yellen has warned that the government could run out of money to pay its bills by June 1, 2023, if the debt ceiling is not raised. Despite this looming deadline, negotiations between President Joe Biden and House Speaker Kevin McCarthy have not resulted in a concrete agreement. The article points out the political divisions, with Republicans pushing for spending cuts in exchange for raising the debt ceiling, while Democrats resist these demands. The lack of an "endgame" or a fallback plan is causing increased anxiety in financial markets, with potential severe economic consequences if the U.S. defaults on its debt.

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[ https://www.yahoo.com/news/no-endgame-no-plan-finance-210144130.html ]