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The Independent UK
The Independent UK
John Bowden

Ex-Treasury secretary pans Congress for passing Trump’s ‘shameful’ megabill he says will hurt economy

Andy Beshear Donald Trump Larry Summers Economy Medicaid Republican Party SNAP Elon Musk Tax Cuts United States

Donald Trump got his wish of signing the “big, beautiful bill” into law on July 4, but a top economist is pouring cold water on his celebrations.

Larry Summers, the former Obama Treasury chief and center-left economic guru, unleashed scathing criticism of the law on Sunday, claiming it was going to harm American economic growth by slashing the social safety net in the most unprecedented manner in decades.

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