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Wednesday, January 15, 2025

Larry Summers warns US deficits have never looked as ominous as they do now and are on a ‘completely unsustainable path’

Former Treasury Secretary Larry Summers sounded the alarm on US deficits, indicating he has sharply pivoted from not worrying about them as much. In an interview with the Atlantic, he said he was not a “congenital deficit worrier” — but that has changed. “Any long-term forecast is going to be way …

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