Higher borrowing costs raise economic and political stakes for Trump 😔

Higher borrowing costs raise economic and political stakes for Trump 😔

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Higher borrowing costs raise economic and political stakes for Trump
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The increasing difficulty in lending to President Trump's government is causing rising interest rates, which are worsening affordability and hampering economic growth ahead of the midterm elections. Despite Trump's claims of a plan to reduce the budget deficit, economists doubt its effectiveness. Rising interest rates are a key concern for voters, impacting their ability to manage expenses. The administration points to potential fraud reduction as a means to decrease the deficit, but skepticism remains regarding the feasibility of these measures.

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