The Latest Breaking News from Lawrence Summers

Economists are seeing shadows.

The U.S. is "an underlying 4.5-5% inflation country,” said Summers, a few days ahead of Tuesday's inflation report.

Summers opposes IRS funding cuts in debt ceiling deal, warns of future deficits and tax cheats' advantage.

The names in legal documents and fresh details of his daily itinerary present a detailed picture of how Epstein tried to rebuild his reputation

What's the dirtiest word in financial policy?

A growing wave of weak economic data and recent turmoil in the banking sector deepened worries about the economy tipping into a recession this year. Amid an uncertain macroeconomic backdrop, it could be wise to avoid fundamentally weak stocks Shift4 Payments (FOUR), ChargePoint (CHPT), and WeWork (WE), with 10% or…

International Monetary Fund forecasts UK GDP will shrink by 0.3% in 2023, worse than other G7 countries

U.S. mortality data was "especially scary remembering that demographics were the best early warning on the collapse of the USSR,” Summers tweeted.

The CEO of hedge fund Citadel said that backing Silicon Valley Bank's deposits in full was a "loss of financial discipline."

WASHINGTON — A White House economic adviser said negotiations over raising the U.S. debt ceiling are an “absolute nonstarter” for President Joe Biden, though he’s ready to discuss spending with congressional Republicans.

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry