(BONUS) From WashingtonWise: Balancing Campaign Promises With Economic Realities

In this special bonus episode from WashingtonWise, 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. Kathy and Liz Ann give their overview of where we stand, a week after the election and the Fed's rate cut. Then, 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.On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.If you enjoy the show, please leave a rating or review on Apple Podcasts.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. 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Carefully review an investment product’s prospectus or disclosure brochure to learn more about how it incorporates ESG factors into its investment strategy.The MSCI All Country World Index (ACWI) captures large and mid cap representation across 23 Developed Markets and 24 Emerging Markets (EM) countries, covering approximately 85% of the global investable equity opportunity set.(1124-62LZ) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.