President Trump to Submit Budget Request

President Trump to Submit Budget Request

Assessment

Interactive Video

Business, Social Studies

University

Hard

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FREE Resource

The video discusses the administration's budget proposal, which includes significant cuts to social programs and a reduction in individual tax rates. Northern Trust chief economist Karl Tennenbaum provides insights into the potential impacts of these cuts, the challenges in implementing the budget, and the political implications of ongoing investigations. Despite political turmoil, the American economy shows resilience, with strong growth and market performance. The discussion also covers the legislative hurdles in Congress and the potential shift from a 'Trump bump' to a 'Trump slump' in economic indicators.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of the administration's budget proposal?

To reduce the American deficit

To increase spending on social programs

To decrease defense spending

To raise individual tax rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the major obstacles to the proposed budget cuts?

Strong support from all Congress members

The ongoing Russian investigation

Lack of support from the White House

The absence of any political turmoil

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'Trump bump' refer to?

A sudden increase in defense spending

A significant rise in economic performance

A decrease in tax rates

An increase in social program funding

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the American economy performed amidst political uncertainty?

It has only grown due to policy changes

It has shown remarkable resilience

It has significantly declined

It has remained stagnant

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected trajectory for economic growth according to the discussion?

A decline in the second quarter

A growth rate of 2% for the year

A complete halt in growth

A growth rate of 5% for the year