Stocks Rebound After Trump Backs Off European Tariffs
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Stocks in the U.S. stabilized on Wednesday after an earlier slump had
spilled into markets in Asia and Europe, ending a period of relative calm.
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The president demanded a series of reforms intended to address the poor function of Congress, which played out in a series of battles over taxes and spending over the past year, and drove public opinion of lawmakers to an all-time low.
"But no matter what party they belong to, I bet most Americans are thinking the same thing right now: Nothing will get done this year, or next year, or maybe even the year after that, because Washington is broken," Obama said. "Can you blame them for feeling a little cynical?"
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