Former White House economic adviser Kevin Hassett strongly rejected a debt management proposal from prominent bond investor Jeffrey Gundlach, saying he would not support the idea "in a million years."

Gundlach, who serves as CEO of DoubleLine Capital, has been advocating for what he describes as an extreme approach to addressing the nation's debt situation. The bond fund manager, known for his accurate market predictions, has been preparing his investment strategies around the possibility of a severe debt crisis scenario.

The disagreement highlights differing views among economic experts about how to address mounting fiscal concerns. Hassett, who served as chairman of the Council of Economic Advisers under President Trump, expressed categorical opposition to Gundlach's suggested approach during recent discussions.

DoubleLine Capital manages approximately $100 billion in assets, with Gundlach having built a reputation as one of the most closely watched fixed-income investors on Wall Street. His warnings about debt sustainability have gained attention as federal debt levels continue to rise.

The debate comes as policymakers and investors grapple with questions about long-term fiscal sustainability and appropriate responses to growing government debt burdens. Both figures represent influential voices in economic policy discussions, though they clearly disagree on potential solutions.