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