Bloomberg Talks Moelis & Co Vice Chairman Eric Cantor Talks Government Funding Bill
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Dec 19, 2024 Dive into the tensions surrounding a potential government shutdown and the intricacies of the America First agenda. Discover how bipartisan cooperation is vital amid political divisions over government spending. Explore the ongoing debates about discretionary funding versus entitlement programs and the market optimism fueled by supportive administration policies. Lastly, compare consumer and business confidence levels between the U.S. and Europe, revealing how America's positive outlook is influencing investment preferences.
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Republican Agenda and Obstacles
- Republicans aim to implement a pro-growth agenda.
- They face challenges due to needing Democratic support in the Senate.
Entitlement Spending and Debt
- Entitlement spending is a major driver of the deficit and debt.
- President Trump has stated his opposition to addressing entitlement reform.
Increased Dealmaking and Optimism
- Eric Cantor observes increased client activity and dealmaking.
- This is attributed to optimism surrounding deregulation and a pro-growth administration.