A menu of $5.7tn in potential federal spending cuts that is under consideration by House Republicans includes more than $3 trillion in healthcare cuts. The 50-page, untitled document obtained by LFI, is one of several outlines circulating among GOP lawmakers across congressional committees as they gear up to execute an agenda for President Trump.

Conservative healthcare wonks accuse states and providers of gaming the system. President Donald Trump and congressional Republicans entered office on promises to enact trillions of dollars in new tax cuts at a time of record federal budget deficits, rising interest rates and stubbornly high inflation.

Trump has promised to “knock out” drug-industry middlemen, a potential disaster for pharmacy benefit managers. He named prominent vaccine skeptic Robert F. Kennedy Jr. to run the Department of Health and Human Services, which could wreak havoc on shot developers.

The market's reaction to Trump's statement has sparked a conversation about realistic expectations regarding tariffs and tax policy challenges under the new administration.

Henrietta Treyz, Managing Partner at Veda Partners, discusses government funding and tariff and tax policy proposals

"On the trade relations front, it's a very big deal because we know that President-elect Trump has in the past put Section 232 tariffs on Japan, with specifically steel and aluminum (ALI=F). They have negotiated ways to get that off," Veda Partners Managing Partner and Director of Economic Policy Henrietta Treyz tells Seana Smith and Brad Smith.

President-elect Donald Trump will enter the White House in January on a wave of conservative enthusiasm that his victory has given Republicans a mandate to enact significant budget cuts to help offset the costs of extending tax cuts they enacted in 2017.

With former President Trump headed back to the White House, the U.S. Medicaid program, which covers medical care for people with low incomes, could face cuts.

Henrietta Treyz, Managing Partner at Veda Partners, on the 2024 election and the closing strategies for Kamala Harris and Donald Trump