This post was originally published on Coinspeaker
Henry Paulson, who served as Treasury Secretary from 2006 to 2009 and architected the $700Bn TARP stabilization during the 2008 financial crisis, warned on Bloomberg Television’s Wall Street Week that the US Treasury market faces the risk of a “vicious” crash, calling for a “break-the-glass” emergency contingency plan to be prepared for immediate deployment.
His proposed measures include closing tax loopholes, overhauling Social Security, and restructuring healthcare spending – a scope that signals Paulson views the fiscal trajectory as a structural problem, not a cyclical one. US national debt stood at approximately $38.9Bn as of mid-April 2026, with the debt-to-GDP ratio near 100% and the peacetime deficit running at a record 7% of GDP.
What I’m watching tonight:
“Panic: The Untold Story of the 2008 Financial Crisis”
HBO / Vice production
Third time watching it.
A FANTASTIC perspective into the inside baseball between the Secretary of Treasury (Henry Paulson), Federal Reserve Bank of NY President (Tim…
— Jeff Walton (@PunterJeff) April 12, 2025
We suspect Paulson’s intervention carries a weight distinct from the steady stream of deficit warnings that have circulated since the post-COVID fiscal expansion. A figure of his institutional standing – with direct
— Read the rest of this post, which was originally published on Coinspeaker.
