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The Fox News Rundown

Business Rundown: How Much Power Do Presidents Really Have Over The Economy?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 28 October 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

When the economy is doing well, presidential candidates like to accept the credit. But when the economic picture looks a bit muddier, we hear politicians pointing the blame elsewhere. As former President Trump and Vice President Harris campaign hard on the economic issues, it begs the question: just how much power does a U.S. president really have over our economy? Co-anchor of The Big Money Show Taylor Riggs is joined by Manhattan Institute senior fellow Brian Riedl to explain how U.S. presidents have found workarounds to claim more powers of the purse without needing Congress and the threat that excessive government spending poses to the American people if it spirals into a debt crisis. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Players of People's Post Code Lottery have raised over 1.4 billion pounds for good causes,

0:06.0

helping deliver good news for charities like Battersea.

0:09.0

Ellen MacArthur Cancer Trust.

0:11.0

Thank you!

0:12.0

Trussle, ending hunger together, and riding for the Disabled Association.

0:17.0

See, even Bobby says thanks.

0:20.0

Because what the world needs now is you.

0:23.0

PPL manages lotteries for 20 charities,

0:25.0

a minimum of 33% of each ticket price goes to charity,

0:27.0

not available in Northern Ireland conditions apply 18 plus.

0:30.0

I'm Taylor Riggs, and this is the Fox Business Run Down.

0:33.6

Monday, October 28, 2024,

0:41.4

as former President Trump and Vice President Harris campaign on the economic issues,

0:45.8

we're looking at just how much power and autonomy a U.S. President has over our economy.

0:52.4

Ultimately, most of the power... president has over our economy.

0:52.8

Ultimately, most of the power still resides with Congress,

0:57.1

but presidents are carving out more and more authority

1:00.6

through tariffs and executive orders on spending and taxes.

1:05.0

When the economy is doing well around an election,

1:08.0

presidential candidates are rushing to take credit.

1:11.0

But when the economic picture looks a bit

1:12.8

muddier, we hear other things are to blame. The regular boom and

...

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