Impeachment fight poses wildcard for Trump economy
By Sylvan Lane - 09/29/19 08:42 PM EDT
The looming threat of President Trump's impeachment is adding another flashpoint to an uncertain economic outlook for the U.S.
Trump's trade battles, impending recessions across Europe, and rising tensions in the Middle East have taken a toll on the slowing U.S. economy.
The U.S. has held steady even as job and economic growth have faded throughout 2019, threatening an unemployment rate near record lows. Consumer confidence and spending have also declined through the summer, due in part to a sharp escalation in the U.S.-China trade war.
With trouble on the horizon, Trump has warned of economic ruin if Democrats proceed with impeachment, even after spending months downplaying the threat of a recession.
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https://thehill.com/policy/finance/463474-impeachment-fight-poses-wildcard-for-trump-economy