Tomorrow Donald J Trump will be inaugurated as the 47th president of the U.S.A. His team, and particularly, his economic team, has been working on the shadows to come up with a plan to increase productivity, control government spending (although they need Congress for that) to control the budget deficit and the debt level. For the next 6 months, the national debt will not increase, since it has reached the debt ceiling stablished by Congress which doesn’t allow for more issuance. This, of course, is a game, because the debt ceiling will be increased and spending will continue. But it also gives the new administration an opportunity to put in practice what they’ve been working on and see if they can effectively reduce spending and control debt. Just due to current inertia, in June, the Treasury will likely issue around $2Tn of debt to cover the funding hole created in these six months. This is probably the biggest national challenge of the new Pressient’s team.
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