Trump Administration Faces Economic and Political Turmoil 50 Days Into Second Term
A volatile mix of economic instability, controversial policies, and strained international relations defines the early weeks of Donald Trump's return to the presidency.
- Economic uncertainty grows as inflation persists, consumer confidence plummets, and the Federal Reserve forecasts a 2.4% economic contraction for Q1 2025, dubbed the 'Trumpcession.'
- Elon Musk, a key Trump ally, faces mounting financial and reputational challenges, with Tesla shares down 38% since January and SpaceX struggling with repeated rocket failures.
- The administration's foreign policy raises concerns, including a pro-Putin stance, stalled Gaza negotiations, and strained relations with Canada over trade disputes and border issues.
- A measles outbreak in 12 states highlights the controversial appointment of anti-vaccine advocate Kennedy Jr. as health secretary, with over 220 cases reported and at least one child fatality.
- The looming March 14 government shutdown adds to the administration's challenges, as congressional divisions threaten to halt non-essential federal operations.