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Finance & Markets

The only solution to our $40 trillion debt problem is a value-added tax

As the U.S. national debt reaches $40 trillion, Peter J. Tanous argues that the massive deficit can only be addressed through a significant revenue-generating measure like a Value-Added Tax rather than through insufficient spending cuts.

The only solution to our $40 trillion debt problem is a value-added tax

We haven't written up this one. The Hill has the full story — the link below goes straight to it.

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Transcript: IBM vice chairman Gary Cohn on "Face the Nation with Margaret Brennan," Sept. 20, 2026

The following is the transcript of the interview with IBM vice chair Gary Cohn, who served as an economic adviser in President Trump's first term, that aired on "Face the Nation with Margaret Brennan"…

  • IBM vice chairman Gary Cohn discussed global economy concerns on Face the Nation
  • High diesel prices and protests in Syria, Philippines, Guatemala highlighted
  • Consumer sentiment negative due to energy prices, AI job market uncertainty

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