Core Viewpoint - The article discusses the transformation of Kevin Hassett from a respected economist to a staunch supporter of former President Trump, highlighting the implications of this shift for U.S. economic policy and governance [1]. Group 1: Background and Credentials - Kevin Hassett was initially a well-regarded conservative economist with a strong academic background, having served in various prestigious roles including as a professor and researcher at the Federal Reserve [2]. - He was known for advocating traditional economic policies, such as reducing deficits and supporting free trade, prior to his alignment with Trump's administration [2]. Group 2: Shift in Ideology - Over the years, Hassett's stance has shifted significantly, moving from skepticism towards Trump to becoming a vocal supporter, particularly during the COVID-19 pandemic [4]. - His return to the Economic Council in 2020 marked a departure from his previous independent views, as he began to align closely with Trump's narrative and policies [4]. Group 3: Current Role and Actions - As the Director of the National Economic Council, Hassett has become a key defender of Trump's economic policies, often downplaying negative economic indicators and supporting controversial measures [6]. - His credibility as an independent economist has come into question due to his frequent public statements that contradict established economic data, raising concerns among peers about his integrity [6].

Core Viewpoint - The U.S. Treasury Secretary emphasizes that tariffs and budget are interconnected, suggesting a holistic approach to fiscal policy [1] Summary by Relevant Categories Fiscal Outlook - It is believed that the deficit size will be lower in 2025 compared to the previous year [1] - By 2028, the ratio of U.S. debt to GDP is expected to stabilize [1] Political Sentiment - There is sympathy towards deficit hawks, indicating a recognition of concerns regarding fiscal responsibility [1]