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The Latest Breaking News from Scott Bessent

Why Treasury Secretary Bessent's moves to calm the bond market haven't worked so far

Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs

The Independent UK

The US national debt has hit a record $40 trillion — how does this impact the average person

‘Federal debt is already raising the cost of living and choking out other spending and investment,’ said one policy expert

The Independent UK

Iran dismisses US economic threats, and other developments in the Middle East

Iran has dismissed U.S. President Donald Trump’s threats of economic pain and isolation

The Independent UK

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Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.

Fortune

US Treasury's Bessent says upsized bond buybacks could increase further

US Treasury Secretary Scott Bessent has outlined a strategy to ramp up bond buybacks, aiming to enhance market liquidity and instill confidence in economic fundamentals. Simultaneously, a fiscal consolidation initiative is underway, targeting savings in the hundreds of billions. This year's deficit has been exacerbated by refunds of illegal tariffs,…

The Economic Times

US to impose ‘toughest sanctions in history’ on Iran; Scott Bessent bets on 'one-two punch' to cripple Iranian regime

US Treasury Secretary Scott Bessent said Washington will impose the “toughest sanctions in history” on Iran, with details expected Monday, as the Trump administration seeks to intensify economic pressure on Tehran. Bessent also urged China to cooperate, citing its dependence on Gulf energy and warning against sustaining Iran’s economy.

The Economic Times

The Latest: The US national debt hits a record $40 trillion

The United States’ debt has surpassed a record $40 trillion, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending

The Independent UK

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Donald Trump expertly plunges U.S. debt past $40 Trillion, then declares an ‘economic D-Day’ to crush already-struggling nemesis

“This will be Economic Warfare and Isolation on an unprecedented scale.”

We Got This Covered

Bessent Doubles Down On Economic Pressure Against Iran, Says It Likely Means No 'Large-Scale Kinetic Restart'

President Donald Trump on Wednesday said Washington will launch the "most crushing economic operation ever taken against any country."

International Business Times

Scott Bessent Ups The Ante With Accelerated Buybacks Of Treasury Bonds After Yields Rebound

Bond yields rebounded on Thursday and erased the drop following Bessent's announcement on Wednesday.

International Business Times

Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says

Everything you need to know before you reach the office this morning.

Fortune

Treasury Doubles Bond Buybacks to $4 Billion — Market Strategist Slams Scott Bessent, Says It’s ‘Debt Reshuffling, Not Debt Reduction’ as Yields Surge

The U.S. Treasury doubled its debt buybacks to support the bond market as long-term yields rose, but investment firm Creative Planning‘s Chief Market Strategist Charlie Bilello said the move did not reduce the nation’s overall debt.

Benzinga

Treasury, IRS Move to Restrict Refundable Tax Credits for Certain Immigrants: ‘The Days of Illegal Aliens…'

The U.S. Department of the Treasury and Internal Revenue Service (IRS) proposed rules Wednesday to restrict access to the refunded portion of certain federal tax credits for immigrants who do not meet federal eligibility requirements.

Benzinga

Steve Hanke Warns Bond Vigilantes Are Back, Says 10-Year Yield Could Rise Another 50 Basis Points: ‘Very Bearish’

Economist Steve Hanke says the bond market is accurately pricing rising risks, leaving a bleak outlook for Treasuries, expressing concerns that President Donald Trump‘s policies are triggering a selloff.

Benzinga

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The Economic Times

US Stock Market: Treasury steps in to curb rising long-duration bond yields

The US Treasury has doubled planned buybacks of longer-dated bonds to at least $4 billion per operation, seeking to ease liquidity pressures after the 30-year Treasury yield hit its highest level since 2007. The move comes amid rising fiscal concerns, elevated borrowing costs and heightened geopolitical tensions.

Barchart

Today’s US Treasury Intervention in Bond Markets is a Buy Recommendation for Gold. Here’s Why.

Like a dealer buying his own stash, the Treasury is propping up the market for long-dated bonds – and it won’t end well.

Barchart

Did Treasury Secretary Scott Bessent Just Save the Bond Market? Probably Not — Here’s What Traders Need to Know.

Inside the Treasury Department announcement that temporarily calmed the longer end of the yield curve.

The Economic Times

US Treasury to double long-dated debt buybacks to battle surging yields

The US Treasury will double its buyback operations for long-dated government debt. This move aims to provide liquidity and ease rising bond yields for investors. The increased buybacks will apply to securities maturing between ten and thirty years. This action follows a sharp bond selloff which pushed yields higher. The…

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International Business Times

Iran Again Targeted The UAE With Missiles. Abu Dhabi Now Suspended Trade With Tehran.

Both missiles failed to cause any damage or casualties, but marked a return to active conflict after more than three months.

International Business Times

Iran Could Take The U.S. War To Europe If Washington Escalates, Report Claims

U.S. assets in Cyprus and Bulgaria have been considered as potential targets.

Benzinga

Exclusive: Marjorie Taylor Greene Warns Social Security Will Go ‘Bankrupt’—But Wall Street CIO Backs Scott Bessent Amid 30-Year Yield Surge

As the U.S. 30-year Treasury yield surged past 5.27%—reaching levels not seen since 2007—former Congresswoman Marjorie Taylor Greene voiced concerns over expanding national deficits, warning that Social Security will go “bankrupt in 2032.” However, prominent Wall Street figure Louis Navellier dismissed fiscal panic, backing U.S. Treasury Secretary Scott Bessent and…

Fortune

Top economist on Trump's 'deadly cocktail' for the bond market — and how the bond vigilantes have crossed Scott Bessent's 'red line'

"The bond vigilantes have come out of hibernation," Johns Hopkins' Steve Hanke told Fortune, and "the inflation genie is out of the bottle."

Benzinga

Iran Parliament Speaker Mocks Bessent and Hegseth, Says Both Are 'Way Out of Their League': Stop Waiting for 'Clown Crew' to Pull a Rabbit Out of Their Hat'

Iran’s parliament speaker dismissed the Trump administration’s escalating military and economic pressure, arguing that efforts to force Tehran back to negotiations have failed.

The Independent UK

Woman sentenced after bringing bombs to US Capitol in plot to kill Scott Bessent

IN FULL

International Business Times UK

'I Was Going To Kill Scott Bessent': Court Sentences Transgender Attacker to Over 6 Years for Assassination Plot

A transgender woman was sentenced to over six years in prison for plotting to assassinate US Treasury Secretary Scott Bessent. The plan was abandoned due to heavy security and potential harm to bystanders.

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