David Kotok

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Kotok Quick Take: Rick Newman on US Default Risk

“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it.” – Elon Musk

Market-based prices tell us that the risk of a US default is higher than zero. I comment on Rick Newman’s must-read June 3 Yahoo Finance piece on default risk and what it’s costing us.

“Kotok Quick Take: Rick Newman Reports on America’s Default Risk,”
https://www.youtube.com/shorts/JwPM1Z08bhY

https://youtube.com/watch?v=JwPM1Z08bhY%3Ffeature%3Doembed

Here’s Rick: Please take six minutes to read!

“Commentary: What America’s default risk is costing you,”
https://finance.yahoo.com/news/commentary-what-americas-default-risk-is-costing-you-202510328.html

Additional reading

“Musk calls Trump spending bill a ‘disgusting abomination,’” https://www.cnbc.com/2025/06/03/musk-trump-budget-bill.html?__source=iosappshare%7Ccom.google.Gmail.ShareExtension

“Trump’s “one big beautiful bill” holdout Sen. Rand Paul says “the math doesn’t really add up,”
https://www.cbsnews.com/news/rand-paul-trump-one-big-beautiful-bill-math-face-the-nation-06-01-2025/

As ever, please feel free to share this Quick Take with others. For those new to the Kotok Report, please subscribe.

David R. Kotok, June 4, 2025

(The above was first published on The Kotok Report website and via LISTSERV. For details, and to subscribe to The Kotok Report, visit https://kotokreport.com/.)

June 4, 2025

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Budget, Donald Trump, Musk

Budget, Musk, Trump

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