The New York Times
July 8, 2025
ÌÇÐÄvlog¹ÙÍø Authors
See citation below for complete author information.
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Abstract
Last week, Robert Rubin and I warned of the many macroeconomic risks created by the domestic policy bill President Trump signed into law on Friday. I stand by our judgment that it will most likely slow growth, risk a financial crisis, exacerbate trade deficits and undermine national security by exhausting the government’s borrowing capacity. This is more than ample reason to regret its passage.
Citation
Summers, Lawrence H. "This Law Made Me Ashamed of My Country." The New York Times, July 8, 2025.