Latest news with #LawrenceSummers
Bloomberg
3 hours ago
- Business
- Bloomberg
Summers Says Debt Surge From Trump Plan Will Undermine US Power
Former Treasury Secretary Lawrence Summers said that President Donald Trump's signature tax and spending plan will add to the US debt load in a way that will end up undermining the nation's status as the preeminent global power. 'This makes us vulnerable,' Summers said on Bloomberg Television's Wall Street Week with David Westin. 'The world's greatest debtor accumulating debt faster than any other country ever has in dollar volume is putting at risk its status as the world's greatest power.'
CNN
23-05-2025
- Politics
- CNN
‘This is extortion, it's a vendetta' : Fmr Harvard President on Trump's effort to bar foreign students
Former Harvard University President Lawrence Summers slams the Trump administration's effort to terminate Harvard's ability to enroll foreign students and tells CNN's Wolf Blitzer the move would have a devastating impact on the country.
Bloomberg
23-05-2025
- Politics
- Bloomberg
Harvard's Foreign Students Stunned by President Trump's Ban
By and Angela Cullen Save Good morning. Harvard's president emeritus decries Donald Trump's latest move. Every penny counts—or does it? And Tom Cruise really did get that aircraft carrier. Listen to the day's top stories. The Harvard community is reeling after the US revoked its ability to enroll international students. Lawrence Summers, the university's president emeritus and a former Treasury Secretary, called the Trump administration's move 'vicious' and ' the stuff of tyranny.' It's not just the potential financial pressure—Harvard has educated many who went on to become part of the political elite. See more in the Opinion section below on what it means for America's soft power.
Bloomberg
23-05-2025
- Politics
- Bloomberg
Summers Says Harvard Student Ban 'The Stuff of Tyranny'
Former US Treasury Secretary Lawrence Summers blasted the Trump administration's decision to block Harvard University from enrolling international students, calling on the institution to fight back. 'This is vicious, it is illegal, it is unwise, and it is very damaging,' Summers, who is president emeritus of Harvard University, told Bloomberg TV. 'Why does it make any sense at all to stop 6,000 enormously talented young people who want to come to the United States to study from having that opportunity?' 'Harvard must start by resisting,' he said. 'This is the stuff of tyranny.' Summers spoke to Bloomberg's David Ingles on "The China Show." (Source: Bloomberg)
Bloomberg
23-05-2025
- Politics
- Bloomberg
Summers slams Trump's foreign students ban
The Trump Administration has blocked Harvard University from enrolling international students. 'This is vicious, it is illegal, it is unwise and it is very damaging,' says Former US Treasury Secretary Lawrence Summers and president emeritus of the university. (Source: Bloomberg)
