Can AI Outrun America’s Deficit Problem?
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National Economic Council Director Kevin Hassett argues that the economic benefits of AI may be greater than current data show, comparing today’s dynamics with the early internet era, when improvements in computing were difficult to capture in official statistics. At the same time, Hassett says reducing the federal workforce can generate budget savings, and he remains optimistic about economic growth in the face of a growing debt burden. He acknowledges that bringing the federal deficit to 3% of GDP will require more attention. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagra
Tags: AI, Budget, David Westin, Economic Growth, Employment, GDP, Growth, Kevin Hassett, US jobs data, Unemployment, artificial intelligence, internet, technology
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