Published Date Nov 14, 2024

Speaking at The Economic Club of New York Tuesday, former Treasury Secretary Larry Summers said that Musk would be lucky to find $200 billion in federal budget cuts since the scope for curbing waste is limited.

Glenn Hubbard, an economist and former dean of Columbia University’s Business School, said it would be very challenging to slash that much spending if interest expenses, entitlement programs and defense were off limits.

By Caroline Gaudette

16 Views,

Flag

Please sign in to flag this as inappropriate.

• Tweet