US economy is facing an ‘unsustainable situation’: Ex-Trump adviser



Former Trump administration Office of Management and Budget Director Russ Vought discusses the conditions of the financial sector and how that has impacted the U.S. economy on ‘Cavuto: Coast to Coast.’ #foxbusiness

Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness

source

About approid

Check Also

Why haven’t we had a snow day yet? | Nightly News: Kids Edition

On our 200th episode: Why have many kids in the Northeast still not had a …

40 comments

  1. due to the nature of the beast that monetary system cutting spending will only make it worse

  2. "If you want to achieve greatness stop asking for permission."

  3. They need to cut their spending and be more transparent, instead of trying to scrape it off the backs of the working poor.

  4. Many countries citizens don’t have a clue how their countries spend the money 😂😂😂😂

  5. Joe is keeping his secret business deals quiet by sending this money to Ukrainian government, another $38 Billion is absurd

  6. Just like Trump said would happen is Happening

  7. YOU WORK FOR 40YRS TO HAVE $1M IN YOUR
    RETIREMENT, MEANWHILE SOME PEOPLE ARE PUTTING JUST $10K IN A MEME COIN FOR JUST FEW MONTHS AND NOW THEY ARE MULTIMILLIONAIRES…….

  8. My greatest happiness is the $26,700 profit sent to my portfolio every 10 days recently…

  9. 40 years? Inflation higher than in 1980 ? Maybe higher than 1970, right? Higher than 1960 , right ? WHEN was inflation higher ???

  10. Liberals keep saying president Trump is enriching himself look at the democrats enriching themselves

  11. To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income, particularly on a monthly basis.

  12. Must be nice to have trillions of dollars and the media behind you how can you lose

  13. WON'T BE NO SATANIC CALVERY

  14. Bidens laughing at America.
    As he said in catching him out
    'Good Luck In Your Senior years'.

  15. I'm confident that the rinos will ambush the cavalry

  16. Very simple all the money blow up in the air. Ukraine 🇺🇦 arms expenses. Russia is dumping all there expire arms and old one.

  17. You can't balance the budget without adequate taxation, as was proven during the Reagan admin, the Bush 41 admin, the bush 43 admin, the Obama admin, the Trump years plus the Biden admin. During the Clinton admin, it was proven that we can have both growth of the economy along with higher taxation which lead to budget surpluses ( ~$250B).

  18. K/12 education would do better if the feds are out of the loop for school finance. Imagine what schools would be like if each state had total responsibility for K/12 education.

  19. The lost decade.
    The long term debt cycle.
    The great deleveraging a little recession 2023 lol
    2008 buble then lower interest rates to 0 for 10 years and borrow and spend. Then try raising interest rates on the buble to stop inflation.
    I

  20. I love the grounded reality of this channel… TA is all well and good but I find it truly baffling that all major crypto YouTubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put on day trading as it is less affected by the unpredictable nature of the market. I have made over 1.8btc from day trading with Kyle Miller’s insights and signals in less than 2 weeks, this is one of the best mediums to backup your assets in case it goes bearish.<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is the right time to invest? before jumping to a conclusion I think you should take a look at things first.. while others still continue to trade without the fear of making a loss, others are being patient. it all depends on the pattern with which you trade and the source of your signal. You can reach Kyle Miller on ͲeIєɠɾαm
    👉👉👉
    (KyleMiller3) He runs a program for investors/newbies who lack an understanding of how trading Bitcoin works.

  21. Great video. A dream doesn't become reality through magic; it takes sweat, determination, and hard work. I'm so happy have been earning $ 60,000 returns from my $9,000 investment every 21days.

  22. Put the screws and hammers down on woke and weaponized government!
    Time for the honest democrats to put him out of it. Are there any like that left?Terrible news about lack of consensus or cordial debate. No wonder our nation is walking the plank. From the pirates ship into the drink!

  23. They're doing it on purpose.

  24. the dollar is as fake as a democrat ballot

  25. I guess they lie to us again inflation wasn't temporary

  26. C'mon man, we know EXACTLY what happened to that 200B +/- don't we? When most teachers' unions today are really just PACs in disguise? The stinky rotting putrescence of muck in The Swamp is so-o-o deep!

  27. Our most richest Americans have caused
    The
    Most
    Critical
    Crisis
    Come
    To
    A head

    Billionaires will profit

  28. THERE IS PRIDE IN BEING HUMBLE!

    Eastern Europe is the source of many fairy tales, and we can only hope that what the Citizens are living will have happy endings.

    From under the yoke of Communism some optimism should have been justified with changes of regimes! Unfortunately what has appeared to be a step forward, the toxic Paternalism of the USA, and the submission of Europe to propaganda and fake news, have lead to the conclusions for everyone to see! 

    Sadly no hope of understanding can be expected from a senile old man bogged in a swamp. There is no Political background indicating global introspection, which can only come from Citizens who can see out of boxes of indoctrination interfering deeply with a psyche where changing others demands some inner-transformation. What is quite an achievement for an individual becomes a huge challenge for ruling Parties. Only those willing to see can figure the importance of going from Colonialism via Paternalism to SELF-REALISATION. This existing message 'has been lost in translation' by a demoNcratic aristocracy and misunderstood by many when promoted by Hon Donald Trump. America first Africa first Australia first AND SO ON FIRST!

  29. Is that what Democrats do ,
    Spend , Spend and Spend .
    And then give them selves $$$$$
    Don’t worry about talking about it .
    They don’t stop

  30. Travel and online shopping is the truth regardless of this. Stop spending and see there heads explode..

  31. They’re sending billions to Ukraine then Ukraine funneled it into FTX crypto then FTX donated it back into democrat campaigns. 👍🏼

  32. The money is going for ice cream and joes prostitutes

  33. Do you not understand that our 31 trillion-dollar national debt will never be paid off? At some point this debt will trigger a collapse of the US financial system resulting in the probable takeover of Socialism.

  34. Thankstothatmoronbrandon.sendhisasstoprison.dertbag.

  35. Congress and senators should work for free. They make millions being bribed

  36. Republicans need to step up and stop this garbage stop spending and start recovering our country

  37. If Republicans fix the economy…Biden will take credit

  38. Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: but lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: for where your treasure is, there will your heart be also.
    Matthew 6:19‭-‬21

  39. Don’t believe this gonna work as I have Been ripped off by fake loading out there and pretending to be real but I took the risk to work with acclaimbanking and it’s the best decision I had ever take in my life