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The Latest Breaking News from Larry Summers

Elon Musk and some Democrats like Reid Hoffman actually share common ground on U.S. debt

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.

Fortune

Scott Bessent Slams Larry Summers' '2,000 Days Of Death' Remark On Trump Tax Plan: Demands Apology Over 'Callous' TV Comment

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.

Benzinga

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

Summers notes that cuts to SNAP and Medicaid could kill thousands while saying GOP tax cuts will mostly benefit wealthy Americans

The Independent UK

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Sexism in science: 7 women whose trailblazing work shattered stereotypes

Seven women were part of a trailblazing network of feminist scientists in the 1970s, 1980s, and 1990s in the Boston area in the US. Christa Kuljian is a science writer and historian of science who focuses much of her research on issues of science and society, gender and race. She…

The Conversation

Top economist Larry Summers is highly concerned U.S. Treasuries were trading 'like those of an emerging market nation'

In a wide ranging interview with Fortune, the former Treasury Secretary also says we're already seeing the first signals of a possible recession.

Fortune

Ex-treasury secretary predicts recession with 2 million more Americans unemployed

Larry Summers, who held the post during the presidency of Bill Clinton, is sounding the alarm over the impact of Donald Trump’s tariffs

The Independent UK

Trump Admin is Leaving Countries Looking to Negotiate on Read, Nations Claim

Donald Trump said the purpose of the tariffs is getting countries to the negotiating table, but many are saying their requests are not being answered

Latin Times

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Former Treasury Secretary Says Families Will Lose At Least $5,000 As a Result of Trump's Tariffs

Former Treasury Secretary Larry Summers said the U.S. will likely enter a recession and lose 2 million additional jobs as a result of Trump's tariffs

Latin Times

Dow futures sink 1,300 points after Trump defends tariffs as 'medicine' to fix trade deficit

"I don’t want anything to go down, but sometimes you have to take medicine to fix something," Trump told reporters.

Fortune

Larry Summers says Trump's 'masochistic' tariffs will cost $300,000 per family of four

The former Treasury Secretary said an hour of rhetoric cost the economy $30 trillion.

Fortune

Analysts unanimously denounce Trump’s liberation day tariffs: ‘Worse than the worst case’

Analysts at Wedbush Securities and Goldman Sachs as well as top economist Larry Summers predicted much economic pain ahead.

Fortune

Nasdaq Composite Jumps 400 Points After US Fed Keeps Rates Unchanged, Forecast Two Rate Cuts in 2025

The US stock market bounced back after declining for weeks after the US Fed forecast two rates cuts this year despite concerns of high inflation, unemployment, and a slump in consumer spending.

International Business Times UK

Wall Street's recession odds are starting to look like a coin flip as Trump refuses to back down on his trade war

"If we would continue down this road of what would be more disruptive, business-unfriendly policies, I think the risks on that recession front would go up."

Fortune

Larry Summers says there is a real possibility of a recession, which he calls the result of a ‘self-inflicted wound’

President Donald Trump and Treasury Secretary Scott Bessent have suggested an economic downturn on the back of tariffs would be a transition period. Larry Summers, a former Treasury secretary, thinks otherwise.

Fortune

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The Independent UK

Recession chances are ‘close to 50/50,’ Clinton’s treasury secretary says

The warnings from economists come amidst chaos and uncertainty created by President Donald Trump’s trade war on Mexico, Canada and China

Al Jazeera

Trump’s 25% tariffs on steel, aluminium imports kick in; Canada retaliates

Latest tariffs imposed as markets reel from a dizzying series of back-and-forth announcements on trade.

Fortune

The finance world mostly agrees: Trump’s tariffs are bad news

The president himself said there might be some pain. He has delivered it.

Fortune

Larry Summers warns bubbling asset prices are hitting levels of froth last seen prior to the financial crisis

Investors have become complacent about risk, Summers says, succumbing to the kind of exuberance that preceded the 2008 crash or the dotcom collapse.

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Reason

Lawless IV: Leadership Failures Old and New

The pandemic showed the weakness of the leadership class. [UPDATE: Inadvertently posted it under my byline, but it's of course Ilya Shapiro's post, as the byline now reflects. -EV]

Fortune

Former Harvard president Larry Summers slams Ivy League schools for putting ‘social justice’ over excellence

The majority of Harvard’s Gen Z students are graduating with straight A’s. Here’s why that’s a workplace problem in Larry Summers’ eyes

Fortune

For roughly $30,000, this company gives you a 98% chance of getting into Harvard and the Ivy League

College is already expensive, and Crimson Education believes paying extra for top-notch admissions help is worth it.

Fortune

Trump's plan to create a national Bitcoin reserve is 'crazy' says former Treasury Secretary

President-elect Trump proposed creating a strategic Bitcoin reserve, in part to beat out China.

Benzinga

Cathie Wood Bets On Thriving IPO Market Under Trump: 'Will Give...Liquidity Events That They Have Not Enjoyed During The Last Four Years'

Her comments, made during a session released last Friday, comes at a time when the market is experiencing increased volatility that anticipated the effect of a second term of Trump on the Wall Street.

International Business Times UK

Walmart Alerts Shoppers: Expect Price Hikes If Trump's $3 Trillion Tariff Plan Takes Effect

Walmart highlighted during its recent Q3 earnings call that it could raise prices on several of its products if Trump's plan to raise tariffs by 10% on all US imports is implemented during his second term.

Fortune

Will Trump's economic policies really cause 'the mother of all stagflations'? Here’s what experts say

Unlimited Funds' Bob Elliott argues only part of Summers’ forecast seems valid: “Tariffs, at their core, are a regressive tax that is inflationary...But they're also a modest support to U.S. economic conditions.”

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