Donald Trump returns from the Middle East agreements to local economic depression

The amazing Donald Trump tour in the Middle East ended with a realistic dose of local reality on Friday, as the president went to the level of credit rating, and dark data on consumer feelings and challenges for the main tax law.

Over the past two weeks, Trump has witnessed that his approval classifications improve and share stock markets strongly after some of the most aggressive definitions he announced in early April. Labor market data and inflation data were also encouraging, spoiling the concerns that the sharp slowdown or even stagnation may be imminent.

But while the president was on board Air Force One on his way to Washington from Abu Dhabi, Moody’s was stripped of the United States Triple credit classification first -class On concerns about the high levels of government debt.

“For those looking for a sign of our telling when we stop adding to our national debt, they must look further than MOODY’s reduction,” said Michael Peterson, CEO of Peter Ji Pterson Foundation.

“It is unacceptable to harm a great country like America with its credit classification.”

Earlier in the day, the University of Michigan watched closely reconnaissance Consumer morale has shown that confidence has decreased to the second most ever, as people’s expectations of inflation increased.

Shortly later, Trump suffered from a setback in Capitol Hill when conservative militants voted at the American House of Representatives budget committee against the largest local legislative goal: a comprehensive bill to extend the tax cuts that he enacted in 2017 and enacted the deep government discounts.

Difficult policy is a comedy of billions of dollars in economic partnership agreements and its location President’s tour From the Kingdom of Saudi Arabia, Qatar and the United Arab Emirates this week.

Accompanied by ELON Musk, in addition to the senior cabinet officials, including Scott Bessent, US Treasury Secretary, Hard Lootnik, Minister of Commerce, and Trump saw the prosperity of profitable agreements as a vote in confidence in the American economy.

“It is the new industrial revolution, and it is driven by Donald Trump and will be amazing jobs for Americans,” Lootnick told Fox News in an interview from the United Arab Emirates.

Returning to Washington, Trump relies on the passage of what he calls the “Great Grand Bill” to alleviate some strikes to families and companies from the new customs tariffs of the president – and to restore confidence in his supervision of the economy.

The fate of the Tax Bill is an increasing position in Washington, such as Trump leaders and Republicans in the Chamber of Lower Congress, which gathered their slender majority to approve the legislation.

But on Friday there was a big setback to advance when it failed to advance in the House of Representatives Budget Committee.

The Republic of South Carolina Ralph Norman, who was one of the group that opposed the bill, He said: “If we will continue to get. Americans who enjoy the body on checks, get illegal checks, and subsidies that go to companies that you should not get-I am outside.”

Shortly after voting, Trump Posted on X: “Republicans must unite behind them,” one, a beautiful beautiful bill! “. “We do not need” minerals “in the Republican Party. Stop talking, and its completion!”

Meanwhile, moderate Republicans in the battlefield areas insist on more generous tax discounts for local and local tax payments, known as “Salt”, another barbed point that the president will have to find.

Even if the stalemate on the Capitol Hill has been broken, the financial falcons have warned that the effects of American public finance may be annoying.

The responsible Federal Budget Committee, a group of two parties, warned on Friday that the legislation will add $ 3.3 trillion to the debts of the United States over a decade, and risk bond investors in a similar way to the UK budget crisis for 2022.

CRFB said in a mail.

On Friday, terrible consumer morale data did not reflect the impact of the agreement by the United States and China in Switzerland at the beginning of the week to correct their trade war and drop the definitions they made on each other since early April.

but Wal MartThe world’s largest retail dealer, this week, warned that he would have to raise prices in its stores despite the disposal of the United States of China, and economists said that the feeling of the struggling consumer was an additional sign that anxiety about Trump’s commercial policies is still high.

Average voting by Realclearpolitics This week it was found that 50.1 percent of Americans do not refuse Trump’s performance as a president, while 46.1 percent corresponds to.

While the four percentage deficit is narrower than the deficit 7.1 points in the approval he obtained at the end of April, it is a significant decrease in the six centenary point that he published in January at the beginning of its second term.

“Fears of inflationary effects of definitions have been the largest source of pessimism for consumers, even with recent talks for some customs tariffs to decline led to a great recovery of stock markets,” Oxford Economic wrote in a memorandum on Friday.

He added: “Consumers have become more concerned about their personal resources and expect to weaken income growth.”

Participated in additional reports by George Steer