Trump's Proposals Could Nearly Double US Debt Burden Compared To Harris', But Both Candidates Lack Fiscal Discipline, Policy Watchdog Says
Portfolio Pulse from Shanthi Rexaline
A report by the Committee for a Responsible Federal Budget indicates that Trump's proposals could increase US debt by $7.5 trillion, while Harris' could add $3.5 trillion by 2035. Both candidates lack plans to address the debt crisis. The SPDR S&P 500 ETF Trust (SPY) fell 0.45% in premarket trading.
October 07, 2024 | 12:21 pm
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The SPDR S&P 500 ETF Trust (SPY) fell 0.45% in premarket trading, possibly reflecting investor concerns over the fiscal policies of Trump and Harris, which could significantly increase US debt.
The mention of SPY's decline in premarket trading suggests a market reaction to the fiscal policy concerns raised in the report. The potential increase in US debt under both candidates could lead to economic uncertainty, affecting investor sentiment.
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