Wall Street has now priced in some of the net effects of White House policies that have yet to take shape, from lower taxes to potential stimulus checks. Why it matters: That leaves less potential upside for stocks when those policies actually materialize.

Treasury Secretary Scott Bessent said President Trump’s proposed dividend of $2,000 a person could come in the form of tax decreases, rather than direct payments. In an interview Sunday on ABC

President Donald Trump has warned that the Supreme Court will leave the United States “defenseless’’ and possibly “reduced to almost Third World status’’ if it strikes down the tariffs he imposed this year on nearly every country on earth.

On ABC’s This Week with George Stephanopoulos on Sunday, Bessent said he’s not worried that Trump’s public statements are undercutting his arguments at the high court, which is considering a challenge to his global tariffs enacted under the International Emergency Economic Powers Act.