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Donald Trump and the Debt Ceiling

The news that former President Donald Trump might be indicted by a New York grand jury is making it even harder for Congress to agree on financial issues, which could be bad for the economy and stock market. The debt ceiling is already a big issue, and if it isn’t raised soon, it could cause a lot of volatility in the markets. Some Republicans who support Trump might be reluctant to raise the ceiling, and the upcoming election is also adding to the uncertainty. Despite all of this, the markets are still doing okay for now, but things could change quickly.

Complex Terms:

  • Debt ceiling – A limit set by a government on how much public debt it can issue

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