Larry Summers is really worried about the economy — and fears the US may face a 'Liz Truss moment'

Source: Business Insider

Former Treasury Secretary Larry Summers, and former UK Prime Minister Liz Truss. MANDEL NGAN/Getty Images; Jacob King - PA Images/Getty ImagesLarry Summers warned that the US could face a crisis similar to the UK's in late 2022. The former Treasury Secretary was referring to plans proposed by then-UK Prime Minister Liz Truss.