Former Treasury Secretary Larry Summers said the US was facing a situation "almost unprecedented in our financial history." ...

And this is why “liberation day” is the Trump administration’s Liz Truss moment. Like the former UK prime minister’s “mini” Budget in 2022, Trump’s trade policy reveals that the ...

While markets have rallied, uncertainty remains, while the China-US relationship is bad and getting worse. With China, given the ever-present threat of war over Taiwan, the less China has to lose ...

In 2022, former premier Liz Truss tried to tear up the rulebook for Britain’s economy with an enormous package of unfunded tax cuts — only to be forced into a humiliating U-turn by the bond ...

America is having a Liz Truss moment. The problem is that America doesn’t have a Liz Truss solution.

Donald Trump has had his Liz Truss moment. He’s found out there is one political enemy he can’t beat: the bond market. The cost of US borrowing had risen steeply during his tariff experiment.