Key Point: “The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. […] On Wednesday, Trump blew up a bipartisan budget deal, which means the government could shut down after midnight Saturday. […] The past few days are a reminder that the economic growth in the Republican’s first term was often accompanied by turmoil.”

Associated Press: Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

By: Josh Boak

• The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.
• The Dow Jones stock index essentially ended Thursday flat after having posted 10 days of losses. The Federal Reserve now sees inflation as staying stubbornly elevated as it has become cautious about further interest rate cuts planned for next year.
• On Wednesday, Trump blew up a bipartisan budget deal, which means the government could shut down after midnight Saturday.
• The past few days are a reminder that the economic growth in the Republican’s first term was often accompanied by turmoil. It remains to be seen if voters already exhausted by inflation are ready for another round of blame games and uncertainty that the past few days have foreshadowed.
• Most U.S. adults — 54% — have an unfavorable view of Trump, according to the latest survey by The Associated Press-NORC Center for Public Affairs Research. The survey found that small majorities have slight to no confidence in his ability to manage the White House or government spending.