President Donald Trump has announced his endorsement of a significant change to the U.S. economy. The President supports the cessation of the longstanding practice where public companies disclose their financial results quarterly. This move marks a departure from the traditional reporting rhythm that has been in place for decades.

The quarterly reporting requirement for public companies has been a standard practice aimed at providing transparency and accountability to investors and the public. Advocates of this change argue that shifting to a semiannual reporting system could reduce short-termism in the market and allow companies to focus on long-term growth strategies.

However, critics of this proposed shift express concerns about potential drawbacks. They suggest that less frequent reporting may lead to reduced transparency, making it harder for investors to make informed decisions. Some argue that quarterly reports offer valuable insights into a company’s performance, helping investors assess risks and opportunities more effectively.

A White House official, speaking on condition of anonymity, stated, “President Trump’s endorsement of this dramatic shift reflects his administration’s commitment to fostering a business environment that prioritizes long-term growth and innovation.” The administration’s push for this change aligns with its broader efforts to streamline regulations and boost economic growth.

As this proposed shift to semiannual reporting gains traction, it sparks debates within the financial and business communities. While proponents see it as a move towards a more strategic and less short-term-focused market, opponents raise valid concerns about the potential impact on transparency and investor decision-making. The implications of this endorsement by President Trump on the U.S. economy remain a topic of ongoing discussion and analysis.