Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

Quick Summary:

The House has drafted a $4.5 trillion tax cut blueprint paired with $2 trillion in spending cuts over ten years, which would add about $3 trillion to deficits over the decade.

Dalio, 75, stepped down as co-CEO of Bridgewater in 2017 and retired from the hedge fund in 2022.

House and Senate GOP leaders will work to resolve their differences in a meeting with Treasury Secretary Scott Bessent later Tuesday.

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Article Details

Author / Journalist: Erik Wasson, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: GDP Debt Deficit Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 21:30:47 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 111 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27338916

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