Balancing Campaign Promises With Economic Realities

With the 2024 election in the rearview mirror, host Mike Townsend takes an in-depth look at the key policy debates that are coming in 2025 and the difficulties the incoming administration will have turning broad campaign promises into reality on Capitol Hill. Mike explores how razor-thin majorities in Congress and economic realities may necessitate compromise on four big policy issues that will dominate 2025 and impact every investor: tariffs, taxes, the debt ceiling, and deregulation. Mike also provides updates on non-election news out of Washington, including the Federal Reserve's most recent rate cut and efforts to preserve its independence; the odd dynamic of the post-election session of Congress and the looming deadline to fund government operations; and changes for 2025 to retirement savings contribution limits. 

Check out this IRS press release for more information on changes to (401)k and IRA contributions for 2025.

WashingtonWise is an original podcast for investors from Charles Schwab. For more on the series, visit schwab.com/WashingtonWise.

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