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Read previewPresident Joe Biden and his predecessor Donald Trump have clinched their parties' nominations for the 2024 presidential election — a rematch that long seemed both inevitable and largely disfavored by voters. AdvertisementA Reuters/Ipsos poll published in January indicates that a Biden-Trump rematch is one most American voters didn't want to see. In the nationwide poll of 1,250 US adults, 70% of respondents, including half of Democrats, said Biden shouldn't seek reelection. "Trump also has a loyal, energetic base, whereas Biden's re-election bid generates almost no enthusiasm, even among Democrats," Boskin wrote. "Still, many Americans strongly oppose a second Trump term and more than 20% of those who voted in the Republican primaries say they won't vote for Trump."
Persons: , Joe Biden, Donald Trump, Biden, Trump, Nikki Haley —, It's, Biden shouldn't, shouldn't, Roe, Wade, Michael J, Biden's, Boskin Organizations: Service, Business, Associated Press, Republican, Trump, USA, Biden, Republicans, Stanford University, Project Syndicate Locations: Georgia , Mississippi, Washington, Hawaii, Israel
A new debt crisis could be looming as European countries throw huge sums of money at the energy crisis. Already, the energy crisis is estimated to have cost Europe around 700 billion euros. Combined with a high debt load, that spells trouble, Boskin says, because debt itself is also inflationary. Additional spending and debt from the energy crisis could result in more stress being exerted on the financial system. "I think a debt crisis could very likely ensue given the vast amounts that [are] being spent as a percentage of GDP.
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