2019-01-12 10:33:00 Sat ET
treasury deficit debt employment inflation interest rate macrofinance fiscal stimulus economic growth fiscal budget public finance treasury bond treasury yield sovereign debt sovereign wealth fund tax cuts government expenditures
With majority control, House Democrats pass 2 bills to reopen the U.S. government without funding the Trump border wall. President Trump makes a surprise White House appearance to reiterate his intention to keep up the fight for the signature campaign promise of a border wall against Mexico. House Speaker Nancy Pelosi states that both President Trump and Republican Senate should *take yes for an answer* to approve the 2 bills without border wall finance. If President Trump and Republican Senate pass these bills, federal agencies would receive public finance to end the partial government shutdown.
Several House Republicans break with the Trump administration and vote in favor of reopening the U.S. government without any border wall finance. It is unlikely for President Trump and Republican Senate to accept this outcome without any form of border wall finance. Nevertheless, the Trump administration may need to realign stock market investor and taxpayer expectations with no more than $5 billion public finance for the southern border wall. In the best-case scenario, both parties would need to compromise on this budget issue. Otherwise President Trump, Republican Senate, and House Democrats would bear responsibility for public outrage in light of the current government shutdown.
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2018-12-22 14:38:00 Saturday ET
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