Pimco's Cantrill: Complications for Complex Trump Agenda

The transcript discusses the economic challenges faced by the U.S., focusing on the urgency for policy changes in healthcare and tax reform. It highlights the complexity of these reforms and the influence of lobbyists. The discussion also covers political challenges, including the Russia investigation and low presidential approval ratings, which may hinder progress before the midterms. PIMCO's view suggests any tax reform will likely be modest and delayed.

What factors are making it difficult for the current administration to pass legislation before the midterms?

What is PIMCO's perspective on the potential outcomes of tax reform actions?