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Zenger
Zenger
Business
Shanthi Rexaline

Larry Summers Urges Tax Hike On Top 1% As He Sees Economy Languishing In ‘New And Dangerous Territory’

Former Treasury Secretary & White House Economic Advisor Larry Summers is interviewed by FOX Business' Maria Bartiromo at FOX Studios on May 24, 2017 in New York City. (Photo by Robin Marchant/Getty Images)

Former Treasury Secretary Larry Summers took to Twitter on Tuesday to express his worst fears concerning the economy. He lamented the bloating fiscal deficit.

What Happened: “For all of the post-financial crisis/pre-pandemic period, I feared secular stagnation and opposed fiscal alarmism,” Summers tweeted. “But now I am alarmed because we are in new and dangerous territory,” he said.

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