Warren Warns of Impending ‘Economic Crash’
Senator Elizabeth Warren (D., Mass.) warned Monday of a looming economic crisis that can only be avoided if Congress acts now to more stringently regulate the financial sector and reduce middle-class and corporate debt. “Warning lights are flashing. Whether it’s this year or next year, the odds of another economic downturn are high — and growing,” Warren (D., Mass.) wrote . “I see a manufacturing sector in recession. I see a precarious economy that is built on debt — both household debt and corporate debt — and that is vulnerable to shocks. ...
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