Tag: Larry Summers
Daniel Sutter: The debt ceiling and the national debt
The United States faces potential default in June as we run up against the debt ceiling, currently at $31.4 trillion. Whether the...
Former U.S. Treasury secretary says unemployment rate needs to rise to...
The unemployment rate needs to rise in order to ease the effects of inflation, former U.S. Treasury Secretary Larry Summers says.
Dan Sutter: Greed and inflation
Inflation topped 7 percent in December, the highest level in forty years. The Biden administration has tried blaming rising prices on corporate...
Joe Biden’s ‘Jobs Cabinet’ to sell infrastructure
President Joe Biden set about convincing America it needs his $2.3 trillion infrastructure plan on Thursday, deputizing a five-member “jobs Cabinet” to...
As Democrats fret over ‘sharing economy,’ GOP moves in
The debate over ride-hailing firm Uber is laying bare divides in the Democratic Party and on the left about how to handle the new...
