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Druckenmiller warns of 'dire consequences' of more government spending

08:09

American investor Stanley Druckenmiller, who has been briefing lawmakers negotiating an infrastructure deal, is sounding the alarm over Senate Democrats' $3.5 trillion proposal, warning that it could provoke a massive rise in inflation. He tells Stephanie Ruhle about his talks with senators and cautions that "we have a very hot economy and very hot inflation."