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Rep. Stutzman on Dalio’s Deficit Warning

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Manage episode 473296768 series 2549623
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to cut the budget deficit to just 3% of gross domestic product or risk debt service costs squeezing government spending.
Dalio’s message of austerity comes as House and Senate Republicans battle over the size of spending cuts to be paired with a giant tax cut coming later this year. The US budget deficit was 6.6% of GDP in 2024, according to the Congressional Budget Office.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

  • Bloomberg Capitol Influence Team Lead Megan Scully.
  • Republican Congressman Marlin Stutzman of Indiana.
  • Bloomberg Politics Contributor Rick Davis and Democratic Strategist Roger Fisk.
  • Professor at the University of Virginia's Miller Center and former US Diplomat Mara Rudman.

See omnystudio.com/listener for privacy information.

  continue reading

1633 episodes

Artwork
iconShare
 
Manage episode 473296768 series 2549623
Content provided by Bloomberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to cut the budget deficit to just 3% of gross domestic product or risk debt service costs squeezing government spending.
Dalio’s message of austerity comes as House and Senate Republicans battle over the size of spending cuts to be paired with a giant tax cut coming later this year. The US budget deficit was 6.6% of GDP in 2024, according to the Congressional Budget Office.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

  • Bloomberg Capitol Influence Team Lead Megan Scully.
  • Republican Congressman Marlin Stutzman of Indiana.
  • Bloomberg Politics Contributor Rick Davis and Democratic Strategist Roger Fisk.
  • Professor at the University of Virginia's Miller Center and former US Diplomat Mara Rudman.

See omnystudio.com/listener for privacy information.

  continue reading

1633 episodes

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