Oaktree’s Marks Says US Displays Total Lack of Fiscal Discipline
The US has a complete lack of fiscal discipline, and efforts to push down long-term borrowing costs are unlikely to work unless the government addresses the country’s mounting deficit, according to Oaktree Capital Management co-founder Howard Marks.
READ NEXT
More on the wire
FROM THE PUBLISHER
A day after Paramount Skydance and a group of state attorneys general announced a settlement clearing the way for its merger with Warner Bros. Discovery, questions remain about whether the deal does enough to protect consumers and competition. Geoff Bennett discussed more with Oliver Darcy of Status.
FROM THE PUBLISHER
U.S. Judge Robert Pitman ordered Texas to install air conditioning in all state prisons by 2029, ruling that extreme heat is unconstitutional.
FROM THE PUBLISHER
At 8:05 p.m. Eastern time Tuesday, the sun will be directly overhead at the equator.