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Colby Smith
New York Times reporter covering the Federal Reserve and the U.S. economy.
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Jul 2, 2025
• 27min
The Republicans’ $3 Trillion Vanishing Act
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Colby Smith, a New York Times reporter covering the Federal Reserve, teams up with Andrew Duehren, a tax policy writer for The New York Times, to delve into a major domestic policy bill that risks adding over $3 trillion to the U.S. national debt. They discuss how Republicans are altering accounting practices to make this debt 'vanish' and the growing skepticism surrounding America's fiscal responsibility. The conversation highlights the concerning rise of national debt and shifting global confidence in U.S. Treasury bonds amidst mounting financial risks.
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