How Trump’s budget is gambling with your savings and investments

ETResizeListen(7 min)Investors view volatility as opportunities to purchase financial assets at a discount — without real consequences

House Majority Leader Steve Scalise has said that the U

Is at “the precipice of the new golden age of America. ” But given what’s in the federal budget that President Donald Trump just signed, “precipice” might be more accurate than “golden age. ”Trump’s so-called Big Beautiful Bill will increase America’s debt without significantly boosting growth

The tax cuts will not stimulate economic activity, as they are not new but a continuation of existing arrangements

The budget’s major beneficiaries are wealthy Americans, who are not big consumers

Cuts in welfare benefits and other austerity measures when added to DOGE initiatives will contract, not expand, the economy

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