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EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M
By Richard Rubin and Justin LahartThe U.S. debt picture looks bleak. Is there a way out of the coming crunch?One path requires tough trade-offs lawmakers have ducked for decades: higher taxes and lower spending. Another route sounds more appealing: growth. Even if the country owes trillions more do…
Bessent said the US can grow its way out of a debt rise with 3% GDP growth.
Former Goldman commodities chief Jeff Currie said Scott Bessent’s recent Treasury market interventions amount to financial repression and create a long-term buying opportunity for gold and other hard assets.
Johns Hopkins economist Steve Hanke says Washington cannot discipline its own borrowing and argues that only a limited Article V Constitutional Convention focused on fiscal responsibility can halt America’s debt buildup by allowing states to propose a binding "debt brake" amendment. Hanke Pushes Constitutional Fix for