What a Second Trump Term Could Mean for Your Money
The New York Times
Here’s what the president-elect has said he might do with your taxes, student loans, Social Security and more.
President-elect Donald J. Trump made a number of personal finance promises during his presidential campaign. How many will he try to — and be able to — keep?
The answer will depend in part on the outcome of races in the House of Representatives and the Senate. Despite Republican gains, both houses are close enough to a 50-50 split that just a few elected officials could impose their will and lead to certain policies that look nothing like Mr. Trump’s campaign agenda.
It will also depend on the courts. Last year, the Supreme Court struck down President Biden’s attempt to cancel certain federal student loans, ruling that Congress had not provided clear enough authority to take such a major action. The court may — or may not — restrict some of Mr. Trump’s actions in the same way.
Then there is Mr. Trump’s plan for increased tariffs. It’s hard to estimate whether your financial situation will improve in his second term without knowing how much success he will have in putting more tariffs into place — and how much consumer prices might rise as a result. The markets may be a kind of brake as well, depending on how investors react to his plans.
Candidates say plenty of things, mean most of them, follow through on many of those and successfully meet a fraction of their goals.
Mr. Trump is not like most politicians, but all we have to go on is the record of what he said he would attempt if he won. What follows is that record.
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?
A little-known investment banker, a former hedge fund star and an acolyte of George Soros have the president-elect’s ear.
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
Angel Sivado tries to move people from the streets to permanent housing. A new law makes helping her clients more of a challenge.
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.
Right-wing groups, which use Telegram to organize real-world actions, are urging followers to watch the polls and stand up for their rights, in a harbinger of potential chaos.
The billionaire has effectively become the star of his social media platform, transforming X into a reflection of his personal views before the election.
Many rural Americans engage in cashless barter systems to get food and firewood for heating and cooking. They value self-sufficiency, making them wary of government intervention.
Employers added 12,000 jobs in October, with hiring hit by strikes and storms. The unemployment rate was steady, at 4.1 percent, in the last major report before an election in which the economy is a top issue for voters.
To prepare for ever-longer shopping season, thousands of employees were assembled for a retail jamboree in Florida’s August heat.