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MSNBC Andrea Mitchell Reports June 4, 2024 17:37:00

Retirement savings, that can disappear overnight if this goes on very long. we have seen what that has done, this concern about interest rates over the last year in terms of the stock market. it s recovering slowly. we are heading into a period when the fed might be cooling off, backing off the rate increases. we expect another one tomorrow. there s a new injection of uncertainty. a lot for the president to navigate. by the time we have this fight in ernest, he will likely be a candidate for re-election. you talk about interest rates the fed controls, that s nothing compared to what would happen if at last time it did go for a couple of days, the credit of the united states government was downgraded. that means that you have to pay more interest on your debt. that becomes a spiraling, escalating debt. the deficit gets larger. that said, the hill and this president are heading for a cliff on a number of subjects, ....

Interest Rates , Stock Market , Retirement Savings , Cooling Off , Rate Increases , Re Election , United States Government , The Hill ,