Summers: 'Any self-respecting Treasury secretary would resign' over Trump Harvard IRS directive
Former Treasury Secretary Larry Summers said Thursday that Treasury Secretary Scott Bescent should resign before complying with President Trump’s Internal Revenue Service (IRS) instructions to revoke Harvard’s tax-free status. In the thread Social Platform xSummers warned of the broader impact of using the IRS to target political enemies. “The self-esteemed Treasury Secretary will rather step […]
Larry Summers erupts Trump official blames him for China trade imbalance
Former Treasury Secretary Larry Summers erupted in frustration and rage amid a podcast discussion with current administrative officials who denounced him for the imbalance in trade with China. David Sachs, the newly appointed “crypto Czar” in President Trump’s administration, engaged in a fierce conflict with Summer during a tense exchange About the “All in” podcast […]
Larry Summers slams Treasury Secretary Bessent’s ‘ludicrous’ tariffs claim
Larry Summers has denounced the Treasury Department of Scott Bescent for alleging that Chinese producers are claiming they are holding the brunt of President Trump's tariffs. Summers, who served as Treasury Secretary under President Bill Clinton and director of the National Economic Council under President Barack Obama, has had problems with Bescent, who said prices […]
Larry Summers: Odds of a recession 'close to 50/50'
Former Treasury Secretary Larry Summers said Monday that the potential for a recession was “nearly 50/50.” “I said [Kasie Hunt] @CNN I think there is a real possibility of a recession today,” Summers I said in a social platform thread x. “I would have said a few months ago that a recession is really unlikely […]
Larry Summers sounds alarm over inflation under Trump
Former Treasury Secretary Larry Summers filed a warning Wednesday about the inflation threat under the Trump administration after discovering that inflation rates had risen unexpectedly in January. “We are currently at the most dangerous time of inflation policy since the early Biden administration,” he said, serving as Secretary of the Treasury under President Clinton and […]
I Ignored Summers’ Inflation Warnings ‘to Instill Some Confidence’ in People, Deal with COVID
In an interview with MSNBC that aired during Thursday's broadcast of “The Last Word,” President Joe Biden said that despite warnings from people like Harvard professor Larry Summers that it would cause inflation. He said he decided to proceed with a large-scale economic stimulus package “because we considered realistic policies.” We need to instill some […]
Fed made ‘mistake’ slashing rates by half a point: Larry Summers
Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” Employers added 254,000 jobs in September, well above the 140,000 increase expected by economists at LSEG, and the unemployment rate fell slightly from a month earlier to 4.1%, the Labor Department said. In response to […]
Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’
Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]
Kamala’s Painful Attempt To Tie Herself To Summer’s Biggest Pop Star
Kamala Harris is trying to make fetch happen. Too bad it’s not going to happen. In the hours since President Joe Biden dropped out of the race and before Harris garnered hundreds of endorsements and broke fundraising records, the new campaign also made a poignant appeal to Gen Z. Harris’ campaign Twitter account quickly adopted […]
Bermuda moods: summer’s chicest shorts are knee length | Fashion
noWith summer upon us, these styles are perfect for the warmer months. New styles range from super chic knee-length suit shorts to sleek tailored styles in office-friendly pinstripes, so you can wear shorts to the workplace too. George at Asda’s chalk-striped black linen shorts (£12) are a great place to start, or Me & Em’s […]