Economics
Trump Bump in Economy May Be Squashed by Political Turmoil
- President’s problems cloud outlook for huge tax cuts
- Inflated stock market may be economy’s biggest vulnerability
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The Trump bump in the U.S. economy that many forecasters had penciled in for next year is looking increasingly iffy.
President Donald Trump’s mounting political difficulties are raising doubts about his ability to push through the tax cuts and infrastructure spending increases that economists had been counting on to lift gross domestic product.