From Ryan Clancy, No Labels <[email protected]>
Subject The U.S. debt is on an unsustainable path
Date May 27, 2025 8:33 PM
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To help us understand the stakes, and how to prepare, we invite you to a special No Labels briefing with Jim Millstein this Thursday, May 29 at 4 PM ET.

Dear John,

In this time of political and economic uncertainty, one thing is beyond doubt: The U.S. debt is on an unsustainable path.

To help us understand the stakes, and how to prepare, we invite you to a special No Labels briefing with Jim Millstein this Thursday, May 29 at 4:00 PM ET.

Jim is one of the most respected financial minds in the country—someone who was in the room during the last financial crisis. As Chief Restructuring Officer at the U.S. Department of the Treasury, he led the successful restructuring of AIG during the 2008 recession. He has advised governments, unions, and major corporations on some of the most complex economic reorganizations in recent memory. Today, as Co-Chairman of Guggenheim Securities, Jim remains at the forefront of global financial and policy strategy.

The reality of America’s fiscal outlook is becoming harder to ignore. Bond markets are rattled. Deficits are rising. And the proposed Republican reconciliation package—projected to add $3.8 trillion to the debt over the next decade—has only added to the concern.

Our movement must start thinking now about a “break-glass-in-case-of-emergency” plan. What should leaders do first in the event of a debt crisis? What tools will they have? And how can we fix the long-term picture with as little pain as possible?

This is a high-level conversation for members of the No Labels community who want to better understand this fiscal moment and the choices that will shape our economic future.

What: No Labels Call with Jim Millstein ([link removed] )

Location: via ZOOM (link on confirmation page)

Date: Thursday, May 29

Time: 4:00 PM – 5:00 PM ET

CLICK HERE TO RSVP ▸
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We hope you will join us for this important conversation.

Sincerely,

Ryan Clancy

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