Daily newsletter exposing where power lies — and how it's used and abused. Click to read Robert Reich, a Substack publication with hundreds of thousands of subscribers.

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News

Robert Reich
robertreich.substack.com > p > bessent-and-his-boss-have-lost-all

Bessent (and his boss) have lost all credibility on the economy

2+ day, 17+ hour ago   (640+ words) U.S. government bond yields have jumped to new multiyear highs — which will result in higher costs for mortgages, car loans, student loans, and all other borrowing. In other words, the affordability crisis is growing even worse. Treasury secretary Scott Bessent isn’t…...

Robert Reich
robertreich.substack.com > p > the-biggest-issue-in-the-midterm

The Biggest Issue in the Midterm Elections

1+ week, 5+ day ago   (1108+ words) The earnings of America’s largest corporations — the S&P 500 — surged by an astounding 53 percent over the past year. A widely watched measure of consumer confidence slipped in August as consumers fretted about future economic conditions, the Conference Board said this…...

Robert Reich
robertreich.substack.com > p > whats-really-driving-up-americas

What’s REALLY driving up America’s debt?

1+ week, 5+ day ago   (102+ words) robertreich.substack.com What’s REALLY driving up America’s debt? Not government spending on social safety nets What’s REALLY driving up the U.S. debt, which just reached the $40 trillion milestone? I appeared recently on CNBC to explain that, contrary to…...

Robert Reich
robertreich.substack.com > p > who-gets-paid-as-our-national-debt

Who’s Raking it in as the National Debt Explodes?

3+ week, 3+ day ago   (800+ words) The U.S. national debt has officially surpassed $40 trillion, months earlier than forecasters had expected — because of billions of dollars in lost revenue from Trump’s invalidated tariffs, Trump’s tax cuts (mostly to big corporations and the very wealthy), and the soaring costs…...