Apple Inc.Impact on stocks 2
Apple Inc.
Tesla IncFormer White House communications director Anthony Scaramucci criticized President Donald Trump's economic approach, warning that rising federal spending and debt levels are pushing the U.S. toward inflation risks and potential financial instability. In a post on X, Scaramucci said Trump oversaw $8.2 trillion in spending during his first term and is on pace for $9 trillion to $10 trillion in the current term. He noted that U.S. debt held by investors has reached 100% of GDP, or 122% when including the Federal Reserve's balance sheet, levels he said resemble conditions linked to sovereign debt stress. Scaramucci also cited investor Ray Dalio's view that high debt often forces governments toward inflation as an easier way to manage obligations, and argued that both parties have contributed to a K-shaped economy where higher-income households gain while middle- and lower-income families fall behind.
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