Larry Summers

Treasury Secretary Scott Bessent criticized former Treasury Secretary Larry Summers on Monday, calling his recent television comments about Trump’s tax legislation “shockingly callous” and demanding a public apology. What Happened: The confrontation stems from Summers’...

Former Treasury Secretary Lawrence Summers has sharply criticized the tax bill by the President Donald Trump administration amid the ongoing feud with Elon Musk. What Happened: Describing the “Big Beautiful Bill” as a “prescription for deadly, dangerous decline,” Larry...

Former U.S. Treasury Secretary Lawrence Summers warns that the U.S. Dollar may no longer be the sanctuary that investors from across the globe once counted on. What Happened: While speaking on The Call, a podcast by the U.S. Chamber of Commerce last week, Summers pointed to the recent shift in...

The past week has been a whirlwind of economic and political news. From a second federal judge blocking President Donald Trump’s emergency tariff powers to former Treasury Secretary Larry Summers issuing a stark warning about America’s fiscal trajectory, the headlines have been filled...

Economist and Nobel laureate Paul Krugman is sounding the alarm yet again for the U.S. economy, likening its current vulnerabilities to those typically seen in emerging markets. What Happened: In his Substack newsletter on Thursday, Krugman published an article titled “Gaming Out A Sudden...

A viral post on X speculates that President Donald Trump might see a strategic upside in a recession. What Happened: On Thursday, popular newsletter, The Kobeissi Letter, posted on X, drawing parallels between Trump’s economic agenda and the current state of the markets and the broader macro-...

Former Treasury Secretary Larry Summers issued a stark warning to President Donald Trump, urging the latter to retreat on the taxes, as he did with the tariffs. What Happened: On Wednesday, in a post on X, Summers said the “country risk trade is back,” citing simultaneous selloffs in U....

According to a new Harvard study, the tariffs imposed by the U.S. Government on “Liberation Day” over a month ago have sparked broad-based retail price increases, impacting not just imports but also goods made in America. What Happened: The study, published on 17th May, and led by...

What Happened: On Monday, Former Treasury Secretary Larry Summers shared highlights on his X account from his appearance on CNN's “The Arena,” where he discussed the Trump administration's move to back off from its “extremely punitive” tariff regime against China. Summers...

Former Treasury Secretary Larry Summers and economist Peter Schiff have sharply criticized a reported $400 million gift of a Boeing Co. (NYSE:BA) 747-8 jumbo jet from Qatar’s royal family to President Donald Trump. What Happened: Summers questioned on X why universities face scrutiny for...

The past week has been a rollercoaster ride for the markets, with significant shifts and potential economic shocks looming on the horizon. From the unique advantage of the US in navigating economic shifts due to its dollar-denominated debt, to the escalating tariff war initiated by President Donald...

Former Treasury Secretary Larry Summers has expressed concern that President Donald Trump‘s cuts to the Internal Revenue Service (IRS) could lead to a loss of $1 trillion for the government. What Happened: Summers expressed his worries when he appeared on Wall Street Week on...

Former Treasury Secretary Larry Summers called Trump tariffs the biggest shock for middle-class families he'd seen since the 1970s. What Happened: Debating conservative political commentator Oren Cass on CNN’s Fareed Zakaria GPS on Sunday, the former Chief Economist at the World Bank and...

Economist and Obama-Era Treasury Secretary Larry Summers offered a strong rebuttal to claims that China has been "cheating" on trade since joining the World Trade Organization in 2001, drawing praise from entrepreneur Arnaud Bertrand. What Happened: Summers made his remarks during a discussion with...

Senior White House officials state that over 50 countries that were targets of reciprocal tariffs by the United States have since reached out to begin negotiations on the high import tariffs that have sent global markets spiraling over the past week. What Happened: Director of the White House...