Trump's Debt Fix Challenge

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debt snowballing

ABC News

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US Politics

Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts

Summary

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72% Informative

The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised.

The White House has viciously lashed out at anyone who has voiced concern about the debt snowballing under Trump .

The tax and spending cuts that passed the House last month would add more than $5 trillion to the national debt in the coming decade if all of them are allowed to continue.

The White House's inability so far to calm deficit concerns is stirring up political blowback for Trump .

The tax and spending cuts approved by the House now move to the Senate .

Republican Sens. Ron Johnson of Wisconsin and Rand Paul of Kentucky have expressed concerns about the likely deficit increases.

New research shows additional growth doesn't get us close to where we need to be.

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Informative language

Neutral language

Article tone

formal

Language

English

Language complexity