Ken Langoni, co -founder of Home Depot, warned of the interest of “frightening” debt for America.
The 89 -year -old “Free Trade Man” believes that the growth of the nation's growing and increasing benefits may undermine the safety of the dollar.
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“I really believe, and I hope that Washington will hear this, we must be aware of the importance of our place in the global economy and global markets, because if we are outperforming it, we are in a problem,” Langon said during the “Special Report” in Fox News.
See the amount of debts we raise each year.
What is today? Thirty -six, thirty -seven [trillion dollars]A trillion per year increased in attention alone. This is scary. “
The shares rose to the top on Wednesday, as investors waited for the last interest rate decision in the Federal Reserve.
The Dow Jones industrial average increased by more than 20 points (0.07 percent “, while the S& P 500 index increased by 0.1 percent and Nasdaq has gained 0.2 percent.
The Central Bank and President Jerome Powell faced political pressure from the Trump administration to the low stimulation rates.
The Federal Reserve announced on Wednesday that it will maintain the rate of federal funds unchanged at 4.25 percent to 4.50 percent.
This represents the fourth consecutive meeting without a modified change.
Langon argued against any other price cuts in view of geopolitical tensions, as well as weak monthly retail and manufacturing.
Home Depot said: “Unforgettable, we have now got this Iranian thing to communicate with the customs tariff. I mean, ascend and below the list.
“And I think because people should see a lot, they go to the sidelines. I think people are cautious.
“The facts and numbers that have appeared today indicate that things are slow.”
“Four weeks ago, we could not float a 20 -year -old bond. They were not biased. This is a dangerous sign. This is the beginning.
“This should make us say,” hey, wait a moment. “When our debt safety is subject to a question, the next The thing is your work.
“Now, I do not suggest that we need to wander with a cup of tin, because we do not do it. But I think it is time to get some balance here.”
This comes at a time when the elderly can get tax exemptions from the Senate version of the “Great Baby Law Law” Donald Trump.
People aged 65 years or older may qualify for a temporary discount of up to $ 6000 each – available from 2025 to 2028.
The supreme “reward” – as the House of Representatives is called – instead of the Trump campaign to reduce taxes on the advantages of social security.
The Americans are also awaiting the Senate and the House of Representatives to formulate and report legislation to raise the child's tax credit.
The Senate proposed a copy of the draft law that would permanently raise the credit cutting to $ 2,200, starting in 2025, according to the draft text issued on Monday.
On the other hand, the house formulated a copy of the bill that would increase credit to $ 2,500 from 2025 to 2028.
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