Category: Bessent, Scott

U.A.E. To Review Banque Misr, Targeted by Iran Sanctions

The New York Times – Business:
The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
High Debt and Rising Prices Catch Up to Trump, as Midterms Near

The New York Times – Business:
To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.
Warsh’s Big Test at Jackson Hole

The New York Times – Business:
Investors want Kevin Warsh, the Fed chairman, to address inflation, interest rates and the bond market in a major speech. Some worry he won’t say enough.
Wall Street Loved Scott Bessent and Kevin Warsh. Not Anymore.

The New York Times – On the Runway:
We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
In Trump’s Washington, Ballooning National Debt Stirs Little Action

The New York Times – On the Runway:
The relative indifference to the news that the U.S. government now owes $40 trillion demonstrates how drastically the politics of deficit spending has changed.
Bessent Faces Credibility Test in Quest to Tame Markets

The New York Times – Business:
The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
China Pushes Back After Trump Tightens the Screws on Iran

The New York Times – Business:
The Trump administration risks a clash with Beijing as it tries to cut off Iran’s economic lifelines without upending a fragile U.S.-China truce.
The Heat on Treasury Secretary Scott Bessent Grows

The New York Times – Business:
Treasury Secretary Scott Bessent’s plans to intervene in bond markets have drawn widespread criticism, including from a prominent former mentor.
Iran May Have Little to Lose as U.S. Tries to Squeeze Its Economy

The New York Times – On the Runway:
Experts warn that a campaign aimed at avoiding military escalation could instead provoke it, as Iranian leaders vow retaliation across the oil-rich Gulf.
What’s Behind the U.S. Treasury’s Latest Attempt to Lower Interest Rates

The New York Times – Business:
The Treasury Department said it could begin to buy back more of its debt, and bond market investors are assessing the potential effects on borrowing costs.
Can Bessent’s ‘Big Tool Kit’ Calm Bond Investors?

The New York Times – Business:
Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it’s not working out that way.
Treasury Turns to Interventionist Tactics to Lower Interest Rates

The New York Times – Business:
Treasury Secretary Scott Bessent is reinventing the government’s role in the world’s most important bond market.