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White House: Economy ‘robust’ despite stock market tumble

The White House mentioned Monday the financial system is “exceptionally strong” despite a greater than 1,100-point drop within the stock market.

“The president’s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasing wages for American workers,” mentioned White House press secretary Sarah Huckabee Sanders.

She mentioned the president’s “tax cuts and regulatory reforms will further enhance the U.S. economy and continue to increase prosperity for the American people.”

The stock market dove greater than four p.c on Monday, proceeding ultimate week’s sharp drops after greater than a 12 months of strong good points.


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