Possible scenario
Cuts Take Effect
30% Chance
The administration succeeds in implementing most of the nearly $1 billion reduction before courts or Congress reverse it. The near-term burden shifts to city budgets, nonprofit contractors, shelters, legal-aid providers, and public-health clinics.
Secondary impacts
- Business Services -0.5%
- Healthcare -0.2%
Portfolio impact
S&P 500-0.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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