Tariffs and the $38 trillion national debt: Kevin Hassett sees ‘big reductions' in deficit while Scott Bessent sees a ‘shrinking ice cube' [Fortune]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Fortune
President Donald Trump's sweeping tariffs are playing a meaningful role in tackling America's $38 trillion national debt. In conversation with billionaire David Rubenstein , the Carlyle cofounder, Hassett argued the first step to tackling the debt was to reduce it relative to target: “And we clearly are doing that with the big reductions in the deficit right now.” Recommended Video Hassett continued, saying he's not only bullish about growth in the economy, but “the fact that we have tariff revenue and we've got a lot more spending restraint than was here in the past.” He noted tariffs are an important part of Trump's economic policy and “a lot of the revenue coming in to the Treasury” is from tariffs. Hassett cast tariffs as part of a broader supply-side strategy he said he believes can boost growth, widen the tax base and, over time, ease the debt burden. Just a day earlier, at the DealBook Summit in New York, Hassett's fellow cabinet member and Treasury Secretary Scott Bessen
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APO
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- The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China [Fortune]Fortune
- Is Apollo Global Management's Recent Comeback a Sign of Further Upside in 2025? [Yahoo! Finance]Yahoo! Finance
APO
Earnings
- 11/4/25 - Beat
APO
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- APO's page on the SEC website