Vice President JD Vance traveled to Capitol Hill late Wednesday to cast a tie-breaking vote in the Senate that killed a bipartisan effort to rebuke President Donald Trump’s trade policy.
Earlier in the evening, the Senate rejected the resolution that would have effectively blocked Trump’s global tariffs by revoking the emergency order the president is using to enact them. Two senators who were set to vote for the resolution, Republican Mitch McConnell and Democrat Sheldon Whitehouse, were absent, allowing the resolution to fail 49-49.
The bond market is failing. If that reaches fruition the economy collapses, including the banks.
Either Trumps own people turn against him or this horrific outcome may happen.
The collapse of horror is not inherently horror.
That’s some fine hyperbole amigo! But yes, the market had a minor shudder, in a market that should never blink, and in times where it should historically start getting pumped.
Economist chatter isn’t pleasant right now. I didn’t pull this idea out of a black hole.