Former Secretaries Warn of Unlawful Subsidy

This is a U.S. news story, published by CNBC, that relates primarily to Hassett news.

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Treasury secretaries

CNBC

•

US Politics

Trump, Musk actions put America at risk of 'a form of default,' former Treasury chiefs warn

Summary

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73% Informative

Five former Treasury secretaries say recent actions at the Treasury Department raise "substantial cause for concern" that the U.S. financial commitments are being "unlawfully" undermined.

But Kevin Hassett , a top economic advisor to President Donald Trump , dismissed such concerns.

Hassett also called the idea that Musk is acting as a "puppet master" at Treasury "poppycock".

"Why are we making up fake things about what Elon is doing, because we're trying to just see where the money's going," Hassett said. "And I think it's probably, in the end, we're going to find that a lot of money went to bad places.".

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Informative language

Neutral language

Article tone

formal

Language

English

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possibly offensive

Hate speech

not hateful