Austin Remains Engaged With Lawmakers on Risks Posed by Senate Hold on Nominations globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
Sen. Tommy Tuberville (R-Ala.) has held up the nomination of about 250 military promotions and nominations so far, and Sen. Bernie Sanders (D-N.H.) is holding up President Joe Biden’s nomination to lead the National Institutes of Health.
Get Ready For Stagflation
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“This is the least responsible macroeconomic policy we’ve had in the last 40 years. The primary risk to the United States economy is overheating and inflation… Policymakers need to accept economic reality. The moment has come to move past emergency policies.”
Larry Summers, Director, National Economic Council
Larry Summers knows what he is talking about. A former Secretary of the Treasury, president of Harvard University and Director of Economic Policy under President Obama, his warnings merit attention.
Both fiscal (Biden’s $6 trillion budget) and monetary (money supply up 25%) policies under the current presidential administration are irresponsible, given the economic recovery.