Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Larry Summers

JPMorgan CEO Dimon Sounds a Warning for the Economy

The economy contracted 1.6% in the first quarter and 0.6% in the second. JPMorgan's CEO weighs in on the recession discussion.

The Street

Larry Summers Says Sense Of Saudi-Russian Collaboration 'Can't Be Happy One For Americans'

Former Treasury Secretary Lawrence H.

Benzinga

Markets treating UK like ‘developing country’ after Kwarteng budget, warns ex-US Treasury chief

Current turmoil ‘hallmark of situations where credibility lost’, says Larry Summers

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Can Larry Summers please shut up now?

Former Harvard president has been playing inflation Cassandra on TV for months. Can we hear other views?

Salon

Cathie Wood Takes on Larry Summers Over Inflation

Cathie Wood says Larry Summers is overly fixated with inflation, and she's holding fast to her view that we're suffering deflation.

The Street

Elon Musk Warns Again About Troubles Ahead

Tesla's billionaire CEO fears the economy is headed for a worse scenario than current inflation.

The Street

Summers: Fed Needs Big Rate Hike to Control Inflation

Harvard's Larry Summers, like many others, believes the Fed should raise interest rates by 75 basis points this month.

The Street

Read news from The Economist, FT, and more,
with one subscription

Elon Musk Reiterates His Worst Nightmare for The Economy

The world's richest man worries about the Federal Reserve's aggressive rate hikes to fight inflation.

The Street

The Dollar's Soaring: What That Means for You

The dollar reached an all-time peak last week, and the Bloomberg Dollar Spot Index has jumped 10% year to date.

The Street

Democrats in battleground races criticize Biden student loan plan

It's a sign of fears that the plan could alienate swing voters in November.

Axios

Biden's Student Debt Relief Plan Will Worsen Inflation

"Student loan relief would lead some people to spend more," warns Obama economic advisor and Harvard economist Jason Furman

Reason

Biden faces new political risks in student loan plan

He risks leaving progressive and working-class Democrats unsatisfied.

Axios

Larry Summers Opposes Full Student-Loan Forgiveness

Joe Biden is expected to reveal the future of student debt soon, as the current pause in federal loan payments expires Sept. 1.

The Street

Clive Crook: Want a better IRS? Simplify the tax code

One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. The promised flood of cash — an additional $80 billion over 10 years, compared with baseline annual spending of around $15 billion — raises some…

Tribune News Service

Get all your
news in one place.

100’s of premium titles.
One news app.

Tribune News Service

Biden gets big economic win as inflation threatens legacy

WASHINGTON — President Joe Biden raised the final pillar of his economic agenda with the Senate’s passage of a breakthrough climate and tax package, sealing a legacy that risks being undermined by an inflation surge he’s blamed for sparking.

WEKU

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says

Senate Majority Leader Chuck Schumer has repeatedly said Democrats are on track to pass the Inflation Reduction Act in the coming days, but a few roadblocks still stand in the way.

Reason

After 2 Consecutive Quarters of Negative Economic Growth, Is America in a Recession?

Most Americans believe so.

The Street

Economist Roubini: 'Severe' Recession, Financial Crisis Coming

What we'll face amounts to a stagflationary debt crisis, combining the worst of the 1970s and 2008, Nouriel Roubini said.

Get all your
news in one place.

100’s of premium titles.
One news app.

Reason

Inflation Hits 9.1 Percent, Highest Level in 41 Years

Inflation picked up speed in June, rather than slowing.

The Street

Goldman Sachs Economists See Chance of Recession Rising

Goldman Sachs sees GDP growth of just 0.9% for all of 2022, down from their previous forecast of 1.3%.

The Street

How High Does Harvard's Summers Think Unemployment Can Fly?

Economist Larry Summers says that if the Federal Reserve pushes interest rates high enough to control inflation, it may well cause recession.

Roll Call

Sanders, Graham square off on climate, gas prices in debate - Roll Call

Sens. Bernie Sanders, I-V.t., and Lindsey Graham, R-S.C. sparred over rising gas prices during a Monday debate.

The Independent UK

Former Treasury secretary warns recession is ‘more likely than not’ in next two years

Larry Summers took issue with current Treasury Secretary Janet Yellen’s assessment of recession risk

WEKU

The job market stays red-hot with the unemployment rate near a pre-pandemic low

U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.

Reason

Biden Says Fighting Inflation Is His Top Economic Priority. His Antitrust Policy Would Make Inflation Worse.

Attacking big firms just for being big could drive up prices.

1 … 3 4 5 6

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Internal Revenue Service

79 stories

BEA

45 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.