California Is at Unique Risk From a Second Trump Term
- State has warned investors of risks from federal government
- The Golden State is selling $2.2 billion of bonds this week
Photographer: Patrick Fallon/Bloomberg
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When California sold bonds last year, three of the four new risks the state alerted potential investors about had to do with the policies of President Donald Trump. Chances are a second term would add to that list.
The Democratic stronghold and world’s fifth-largest economy, which kicks off a $2.2 billion bond sale Monday, has established itself as a foil to the Trump administration, and with that come risks. The state has said that Trump’s trade, immigration and health care policies could undermine California’s revenue.