Fitch’s Warning About America’s Fiscal Future

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Paul Krugman, the Times Opinion columnist and Nobel laureate, said the move was “bizarre.” And Larry Summers, the former Treasury secretary, told Bloomberg, “I can’t imagine any serious credit analyst is going to give this weight.” What comes next? But it’s unclear that this one will change the thinking in Washington: “Our base case expectation is that Fitch will be pilloried by most members of Congress,” Henrietta Treyz, director of macroeconomic policy research at Veda Partners, told The Times. contender appears to be gaining steam, however: Senator Tim Scott of South Carolina now counts as supporters financiers like Marc Rowan of Apollo and Stanley Druckenmiller of Duquesne Capital Management. The PGA Tour said yesterday that it had agreed to add the superstar to its board, a day after more than 40 players demanded an overhaul of how the sport is run following a tentative deal involving the Saudi-backed LIV Golf league. Mr. Monahan and two PGA Tour directors, Piper Sandler’s Jimmy Dunne and Wachtell Lipton’s Ed Herlihy, crafted the agreement without informing most other board members, and many players found out about it only when it became public.

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