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Bessent demands apology from Summers over ‘big, beautiful bill’ criticism

TEXAS, JUL 7 – Treasury Secretary Scott Bessent condemned Larry Summers for using the Texas floods' 80+ deaths to criticize GOP budget, calling it a politicization of human tragedy.

  • Larry Summers criticized the GOP budget bill, stating it could lead to 100,000 preventable deaths each year and called it 'the biggest cut in the American safety net in history.'
  • Secretary Bessent demanded an apology from Summers for linking Texas flooding fatalities to the GOP budget bill, characterizing his remarks as 'shockingly callous' and accusing him of using a tragedy for political gain.
  • Bessent suggested Summers' comments were grounds for his dismissal if he does not apologize.
  • Experts like Neera Tanden criticized Bessent's attacks on Summers, with Tanden calling them 'classic authoritarianism.
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Benzinga broke the news in New York, United States on Monday, July 7, 2025.
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