Next president faces fiscal fight in 2025 over debt, deficits and taxes

Published On Nov 5, 2024, 6:00 AM

The article discusses the fiscal challenges the next U.S. president will face starting in 2025, including expiring tax cuts, federal spending caps, and a debt limit deadline. The new administration will need to address the debt limit, which will be reactivated in early January 2025, leading to potential conflicts over federal spending, especially as budget caps are set to expire. Additionally, the expiration of various tax provisions from the 2017 Tax Cuts and Jobs Act will also pose significant challenges, with significant implications for the economy and American households.

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Stock Forecasts

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The upcoming fiscal debates and the potential for increased borrowing may create instability in the markets, leading to cautious investor sentiment regarding U.S. government bonds and overall economic expectations.

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Due to anticipated fiscal constraints and challenges, sectors reliant on government spending may experience volatility, especially those involved in infrastructure and social services, possibly leading to decreased investor confidence.

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