Latest news with #DavidWestin
Bloomberg
23-05-2025
- Business
- Bloomberg
Bessent Says Trump Paused Sovereign Wealth Fund to Focus on Debt
By and Daniel Flatley Save US Treasury Secretary Scott Bessent said the Trump administration paused plans to create a sovereign wealth fund as the president prioritizes paying down the national debt. 'I think the president has decided it's on pause while we work on everything else that we're doing now,' Bessent said Friday in an interview on Bloomberg Television's Wall Street Week with David Westin. 'He said the other day that we'll probably spend more time paying down debt. He is laser focused on paying down debt.'
Bloomberg
17-05-2025
- Business
- Bloomberg
Innovation for Growth in Sweden and for US National Defense
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week we traveled to Sweden for the story of Europe's innovation leader and the Pentagon, where the Army is seeking transformation under its new secretary. If you're not yet a subscriber, sign up here for this newsletter.
Bloomberg
03-05-2025
- Business
- Bloomberg
Larry Summers Says White House Is Giving ‘Misguided Guidance'
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I'm David Westin, and this week we previewed next week's Fed meeting with former Treasury Secretary Larry Summers and reviewed what a sensible US trade policy would look like with Nobel laureate Paul Romer and former USTR Susan Schwab. If you're not yet a subscriber, sign up here for this newsletter. On the eve of FOMC meetings next week, President Donald Trump and Treasury Secretary Scott Bessent have both urged rate cuts. Professor Kathryn Judge of Columbia Law School is a student of the Fed and its history. She says it's 'not inappropriate for a president to have a view' on interest rates. "The challenge is that he's expressing that view while also having taken the position that he has the authority to fire Jerome Powell, the current chair of the Federal Reserve."
Bloomberg
02-05-2025
- Politics
- Bloomberg
Some Harvard Leaders Need to Go, Summers Says
Former Treasury Secretary and former Harvard President Lawrence Summers says leaders who take "tendentious positions on issues" need to be replaced. Harvard University released reports on antisemitism and anti-Muslim bias, criticizing how students treated each other after the 2023 Hamas attack against Israel. He speaks to Bloomberg Television's Wall Street Week with David Westin. (Source: Bloomberg)
Yahoo
01-05-2025
- Politics
- Yahoo
Some Harvard Leaders Need to Go, Summers Says
Former Treasury Secretary and former Harvard President Lawrence Summers says leaders who take "tendentious positions on issues" need to be replaced. Harvard University released reports on antisemitism and anti-Muslim bias, criticizing how students treated each other after the 2023 Hamas attack against Israel. He speaks to Bloomberg Television's Wall Street Week with David Westin. Sign in to access your portfolio
