Reported about 5 hours ago
Donald Trump faces significant economic challenges as the federal debt climbs to approximately $36 trillion, with debt servicing costs projected to exceed $1 trillion next year, overshadowing essential spending on national security and infrastructure. High interest rates, driven by inflation and Trump's tax cut ambitions, limit his capacity for economic reform and tax reductions. Additionally, there are concerns about the disproportionate benefits of his tax policies for the wealthy, which could exacerbate deficits and challenge his growth promises.
Source: YAHOO