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Bloomberg Surveillance TV: September 23, 2024

Bloomberg Surveillance

NOTE

Economic Context Drives Policy Choices

Anticipation surrounds upcoming speeches that will clarify economic self-definition in a new context. While policy directions may mirror the previous administration, the absence of a global crisis eliminates the likelihood of another significant stimulus. A potential shift towards pro-business policies is suggested, highlighting a greater CEO engagement compared to prior leadership. The debate on whether gridlock or sweeping legislative changes yield better fiscal responsibility raises questions about the efficacy of extending tax cuts and making bipartisan deals that impact defense and non-defense spending.

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