Donald Trump returned to the White House promising to cut government waste, reduce federal spending and bring down America’s deficit. But more than a year into his second term, the US fiscal picture is facing growing pressure, with total national debt surpassing $40 trillion.

The administration launched the Department of Government Efficiency (DOGE) with an ambitious goal of identifying waste and generating major savings. However, reported savings fell far short of the initial targets, while overall government spending remained high.

Trump’s major tax-and-spending package also created a difficult fiscal trade-off. While the administration argued that lower taxes would boost investment and economic growth, reduced tax revenue can add pressure to the deficit unless spending falls sufficiently.

Tariffs were another key part of Trump’s strategy, with the administration presenting them as both a trade tool and a potential source of revenue. However, tariff revenues have faced volatility while also raising concerns about inflation and higher costs for businesses and consumers.

Trump’s Fiscal Promise Under Pressure: US Debt Surpasses $40 Trillion | Deficit And Borrowing Rise

As Donald Trump takes office on Monday, we need to think about how his administration will be evaluated, especially in terms of its economic success.
Since the pandemic, the US Economy has outperformed its peers on several measures, making it the object of envy around the globe.
But the inevitable problem is that the American people do not share that view, as Joe Biden and the Democrats found out in November.
The divergence between Americans' confidence in the economy and the actual robustness of the economy suggests that traditional economic indicators are inadequate for assessing Trump's tenure in office.
<h2>Income inequality</h2>
The primary focus of Trump's 2017 inaugural address was the restoration of power and prosperity to the populace.
It would be more suitable to evaluate criteria outside growth or GDP this time around.
The income gap widened under Trump's first administration and is now at an all-time high.
Two of the candidates, trump and Biden, have pointed to manufacturing as a potential solution.
However, the percentage of workers employed in factories is at an all-time low.
The disparity in opportunity extends far beyond economics, wealth, and employment.
<h2>Housing</h2>
Voters' concerns about the economy in the last election went beyond rising food costs and unchecked inflation in the wake of the outbreak.
The American dream appeared out of reach for many Americans even before the pandemic.
Homeownership, which is its foundational principle, seems more elusive now than it has in decades.
One possible metric by which Trump's presidency may be evaluated is the ease with which people can buy a property.
<h2>Tech &amp; power</h2>
The future of the United States may also depend on Trump's newfound friendship with tech magnates.
The possible outcomes could be the focus on artificial intelligence, cryptocurrency, and a tech-bro worldview.
The possible results are drastically different, although this is difficult to quantify.
While crypto at least increases Americans' wealth, AI increases their productivity and happiness.
On the other hand, we have the dystopian scenario where unchecked AI does more than just eliminate jobs.
And another crypto bubble causes a financial disaster because it is not regulated.
<h2>Golden era?</h2>
The US Is entering a golden era that undermines the ability of regular people to thrive, Biden said in a farewell address last week.
Perhaps the most important metric for Trump's presidency will be how accurate that assertion is.
When we look at the biggest economy in the world in four years, will American voters still see the same thing?
Alternatively, will they be even more disillusioned upon seeing a land controlled by oligarchs?
(With inputs from the agencies)

Business & Economy: As Donald Trump takes office on Monday, we need to think about how his administration will be evaluated, especially in terms of its economic success.

As Donald Trump takes office on Monday, we need to think about how his administration will be evaluated, especially in terms of its economic success. Since the pandemic, the US Economy has outperformed its peers on several measures, making it the object of envy around the globe. But the inevitable problem is that the American people do not share that view, as Joe Biden and the Democrats found out in November. The divergence between Americans' confidence in the economy and the actual robustness of the economy suggests that traditional economic indicators are inadequate for assessing Trump's tenure in office. Income inequality The primary focus of Trump's 2017 inaugural address was the restoration of power and prosperity to the populace. It would be more suitable to evaluate criteria outside growth or GDP this time around. The income gap widened under Trump's first administration and is now at an all-time high. Two of the candidates, trump and Biden, have pointed to manufacturing as a potential solution. However, the percentage of workers employed in factories is at an all-time low. The disparity in opportunity extends far beyond economics, wealth, and employment. Housing Voters' concerns about the economy in the last election went beyond rising food costs and unchecked inflation in the wake of the outbreak. The American dream appeared out of reach for many Americans even before the pandemic. Homeownership, which is its foundational principle, seems more elusive now than it has in decades. One possible metric by which Trump's presidency may be evaluated is the ease with which people can buy a property. Tech & power The future of the United States may also depend on Trump's newfound friendship with tech magnates. The possible outcomes could be the focus on artificial intelligence, cryptocurrency, and a tech-bro worldview. The possible results are drastically different, although this is difficult to quantify. While crypto at least increases Americans' wealth, AI increases their productivity and happiness. On the other hand, we have the dystopian scenario where unchecked AI does more than just eliminate jobs. And another crypto bubble causes a financial disaster because it is not regulated. Golden era? The US Is entering a golden era that undermines the ability of regular people to thrive, Biden said in a farewell address last week. Perhaps the most important metric for Trump's presidency will be how accurate that assertion is. When we look at the biggest economy in the world in four years, will American voters still see the same thing? Alternatively, will they be even more disillusioned upon seeing a land controlled by oligarchs? (With inputs from the agencies)

Trump’s presidency: Economic success or growing inequality?

The US Dollar dominated 2024 as the year&rsquo;s best-performing currency, driven by Donald Trump&rsquo;s return to the white house and promises of tax cuts and economic revival.&nbsp;
Investors cheered as economic data improved, inflation rebounded, and the federal reserve maintained high interest rates under Jerome Powell.
This potent mix propelled the dollar higher, leaving major currencies like the pound and euro trailing.&nbsp;
<h2>&lsquo;Winners and losers in 2024 currency race&rsquo;</h2>
Sterling fell 1.4 per cent to $1.26, while the euro dropped 5.5 per cent to $1.04, with analysts predicting parity in 2025.&nbsp;
Across the G10, the Japanese Yen and Norwegian Krone also slumped by over 10 per cent.&nbsp;
However, experts caution that trump&rsquo;s preference for a weaker dollar could reshape the narrative.
In emerging markets, Kenya&rsquo;s Shilling surged 20 per cent, driven by successful government financing and a Eurobond issuance, marking a sharp reversal from earlier lows.&nbsp;
Sri Lanka&rsquo;s rupee climbed 11 per cent amid stabilizing inflation, while Liberia&rsquo;s dollar rose 5 per cent, aided by the International Monetary Fund (IMF) support.
At the other end, Nigeria&rsquo;s Naira and Ethiopia&rsquo;s Birr tumbled 41 per cent and 55 per cent, respectively, following shifts to more flexible exchange regimes.&nbsp;
The Lebanese Lira performed the worst, losing over 80 per cent of its value amid political turmoil and economic collapse, compounded by war and severe devaluation.
While reforms and IMF interventions offer hope for struggling currencies, global economic dynamics remain volatile, with 2025 poised to deliver fresh challenges and surprises in the currency markets.
(With inputs from the agencies)

Business & Economy: The US Dollar dominated 2024 as the year’s best-performing currency, driven by Donald Trump’s return to the white house and promises economic revival.

The US Dollar dominated 2024 as the year’s best-performing currency, driven by Donald Trump’s return to the white house and promises of tax cuts and economic revival. Investors cheered as economic data improved, inflation rebounded, and the federal reserve maintained high interest rates under Jerome Powell. This potent mix propelled the dollar higher, leaving major currencies like the pound and euro trailing. ‘Winners and losers in 2024 currency race’ Sterling fell 1.4 per cent to $1.26, while the euro dropped 5.5 per cent to $1.04, with analysts predicting parity in 2025. Across the G10, the Japanese Yen and Norwegian Krone also slumped by over 10 per cent. However, experts caution that trump’s preference for a weaker dollar could reshape the narrative. In emerging markets, Kenya’s Shilling surged 20 per cent, driven by successful government financing and a Eurobond issuance, marking a sharp reversal from earlier lows. Sri Lanka’s rupee climbed 11 per cent amid stabilizing inflation, while Liberia’s dollar rose 5 per cent, aided by the International Monetary Fund (IMF) support. At the other end, Nigeria’s Naira and Ethiopia’s Birr tumbled 41 per cent and 55 per cent, respectively, following shifts to more flexible exchange regimes. The Lebanese Lira performed the worst, losing over 80 per cent of its value amid political turmoil and economic collapse, compounded by war and severe devaluation. While reforms and IMF interventions offer hope for struggling currencies, global economic dynamics remain volatile, with 2025 poised to deliver fresh challenges and surprises in the currency markets. (With inputs from the agencies)

Fate of currencies: Dollar dominates as 2024's top currency

In his daily news briefing, Trump noted that the number of deaths from the virus in the United States had begun to decline, indicating that social distancing efforts had succeeded. Soon US lockdown will be over and the economy will reopen.

Why is Donald Trump so adamant about opening US economy amid Coronavirus Pandemic?

In his daily news briefing, Trump noted that the number of deaths from the virus in the United States had begun to decline, indicating that social distancing efforts had succeeded.

Trump says plan to re-open US economy, lifting lockdown soon

US fights COVID-19: Trump plans to reopen economy, Trump and state governors in tussle

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