Trump, GOP scramble to keep economy from derailing

The sudden plunge of the U.S. stock market from record highs and a wave of alarms about a possible recession has caught President Trump and Republican leaders on Capitol Hill by surprise and sent them scrambling for proposals to restore confidence in the economy.

The strong economy has long been considered the GOP’s best argument going into the 2020 election, but it’s unclear if that will be the case this summer and fall. 

The Dow Jones Industrial Average on Monday fell by more than 2,000 points, marking the worst trading day since the 2008 financial collapse, while the S&P 500 and the Nasdaq composite dropped by similarly large amounts. Continue reading.