In the short term, both McIlroy and Bannon said the major issue are swing flaws that crept in over the winter.

WSJ: Rory McIlroy's Meltdown: What's Wrong?

The market is now in its favorable season, the winter months, where over the long-term it tends to make most of its gains each year.

FORBES: Housing And Autos Driving U.S. Economy Higher

One area facing possible cuts in the short-term are universal benefits such as child benefit and the winter fuel payment.

BBC: Major reform of UK benefit system 'four years away'