
Trump's disregard for the rule of law could make America poorer
Gene Sperling was director of the National Economic Council under Presidents Bill Clinton and Barack Obama and was a senior adviser to President Joe Biden.
Ever since Alexander Hamilton established the full faith and credit of the U.S. government as ironclad, generations of Americans have benefited from exceptional trust in our country's economic integrity. This stellar economic reputation has helped make America a magnet for long-term innovative, job-creating investments. Trust in the American brand has led to the dollar being the global reserve currency and to U.S. Treasurys being a safe haven in any global storm. And that has led to lower borrowing costs for our government, businesses and citizens.
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