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President Trump’s new law is projected to increase federal deficits by $3-4 trillion over the next decade, while June jobs data showed modest growth with cyclical industries lagging. The budget bill ends renewable energy tax subsidies but allows gradual implementation, boosting some renewable stocks despite challenges like supply chain dependencies on China.
Explain It To Me Like I’m 5: President Trump’s new law is expected to significantly increase federal debt while the job market shows signs of stagnation, particularly in cyclical industries, even as renewable energy projects receive mixed support from recent budget changes.
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