Back to all news
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.

Read at Bloomberg Markets
Daily crypto arcade

Read the news, then play it.

Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.

Open ChainshortsGet it on the Solana dApp Store