Macro Finance
Can AI Outrun America’s Deficit Problem?
Bloomberg Markets·October 3, 2026·1 min read
National Economic Council Director Kevin Hassett argues AI's economic benefits may exceed current data, comparing today to the early internet era when computing gains were hard to capture in official statistics. He says reducing the federal workforce can generate budget savings and remains optimistic about growth despite rising debt, but acknowledges bringing the deficit to 3% of GDP will require more attention.
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