Tag: Larry Summers

• Thursday, May 25th 2017 - 10:20 UTC

  Economists point out serious math errors in Trump's budget proposal

  

  The White House has denied the president's budget proposal contains an “egregious” math error. Former US Treasury Secretary Larry Summers pointed out the spending plan double-counts US$2trillion. But White House budget director Mick Mulvaney told reporters: “We stand by the numbers.”

• Saturday, January 28th 2012 - 09:44 UTC

  US economy expands 2.8% in fourth quarter but with too much inventory building

  

  The US economy grew at its fastest pace in one and a half years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth early this year.