"The president spoke of an economy 'roaring like never before,' and it is doing relatively well, growing at an inflation-adjusted 2.2% last year while unemployment is 4.3%. But many voters are pessimistic amid tepid wage growth, with consumer sentiment running 20% below where it was when Trump was sworn in."
"Those cuts are likely to shorten the lifespan of social security, Medicare and Medicaid, and won't help a national debt that now exceeds $38.5 trillion, with debt-to-GDP ratios on track to hit 130% within the next decade."
"Trump acknowledged the 'unfortunate ruling from the Supreme Court' that rendered illegal the $133 billion in tariffs he issued last year using emergency powers, but he vowed to continue on his push, leveraging other laws."
President Trump delivered a record-length State of the Union address during a partial government shutdown, emphasizing economic achievements with 2.2% growth and 4.3% unemployment. However, consumer sentiment remains 20% below levels from his inauguration despite positive economic indicators, reflecting widespread pessimism about wage growth and cost-of-living pressures. The administration proposed a $1,000 401(k) match for workers without retirement plans. Major tax cuts under the One Big Beautiful Bill act could reach $4 trillion over a decade but may strain Social Security, Medicare, and Medicaid while the national debt exceeds $38.5 trillion. On trade, Trump acknowledged a Supreme Court ruling invalidating $133 billion in emergency tariffs but pledged to continue tariff efforts through alternative legal mechanisms.
Read at Fortune
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