There were a tremendous amount of headlines coming out of the Trump White House this week. Navigating the bluster of news while unpacking what it all means can be a challenge. Where should Americans put focus? We get into it.
On this week’s episode of Capitol Gains, Washington Correspondent Ben Werschkul looks at the headlines from this week and prioritizes three areas coming out of the White House that will remain in the news beyond the 24 hour cycle and have the potential to impact the market. These three things are tariffs, government spending, and the federal workforce.
Tariffs are one of the buzziest topics coming out of the White House this week as the world waits to see if President Trump will fulfill his promises to implement them on foreign nations.
The second thing people should keep an eye on is government spending. Earlier this week, the government tried to freeze federal financial assistance. Though this was blocked, Werschkul says, “The through line, I think, is Trump clearly signaling what he wants to do on spending,” Werschkul explains. “But in terms of policy, he’s really signaling he wants to cut social safety net programs.”
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The final thing to watch is Trump’s moves to cut the federal workforce. “Another thing that [Trump] talked about this week was firing democratic members of independent commissions. These commissions aren't that well known,” Werschkul says. “The National Labor Relations Board is relatively well known, but this is the same legal authority that protects [Federal Reserve Chair] Jerome Powell from being fired.”
To learn more, listen to the full episode of Capitol Gains here.
For more expert insight and the latest market action, click here to watch more Capitol Gains.
Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed.
This post was written by Lauren Pokedoff.