Businesses Are Betting on a Tax Cut Extension

The second Trump presidency has started with mass firings, tariff threats, and budget negotiations, causing uncertainty among investors despite initial market confidence. Extension of tax cuts is expected, but the cost remains a concern, leading to discussions on potential spending cuts. The bond market remains calm amidst trade tensions, as Treasury Secretary Scott Bessent’s policies and cost-cutting efforts by Elon Musk’s DOGE initiative aim to shape the economic outlook and deficit reduction strategies.

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