Scott Bessent
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Business
CBO Warns U.S. Cannot Grow Out of Its $40 Trillion Debt
The United States cannot rely on faster economic growth alone to stabilize its ballooning national balance sheet, Congressional Budget Office…
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Business
Bessent Rebukes Warren in Blistering Letter Over Treasury Yields, Tax Policy and Iran Costs
Treasury Secretary Scott Bessent fired back at Sen. Elizabeth Warren (D-Mass.) with a blistering six-page letter Saturday that escalates a…
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Business
MAGAnomics Faces Affordability Crisis as Housing Stalls
Twenty months into his second term, President Donald Trump’s economic agenda is confronting the precise affordability test he weaponized against…
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Business
U.S. Debt Interest Hits $1.1 Trillion as Yields Top 5%
Interest payments on the U.S. national debt reached $1.1 trillion in fiscal 2026, consuming 3.4% of gross domestic product and…
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Business
Iran Oil Exports Hit Zero as U.S. Sanctions Crush the Rial
Iran loaded no crude oil onto tankers in September, according to Treasury Secretary Scott Bessent, marking a devastating milestone for…
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Business
30-Year Treasury Yields Hit 5.6% as AI Boom Collides With U.S. Debt
The 30-year U.S. Treasury yield closed at 5.62% on September 30, reaching a level unseen since 2002, while the 10-year…
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Business
30-Year Treasury Yields Hit 2002 Highs as U.S. Debt Tops $147T
The 30-year Treasury yield surged to 5.69% in late September, breaching levels unseen since 2002 and effectively neutralizing Treasury Secretary…
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Business
Trump Signals Inflation Strategy to Reduce $40T National Debt
President Donald Trump has explicitly identified sustained inflation as a viable mechanism for reducing the United States’ $40 trillion national…
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Crypto
U.S. Treasury Targets $179B Russian Crypto Network A7
The U.S. Treasury Department has moved to sever the A7 Network from the American financial system, targeting a Moscow-directed shadow…
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World
Sanctioned Iranian Airlines Land 83 Times in Turkey
Twelve Iranian airlines designated under U.S. sanctions landed at least 83 times across Turkish airports in the five days immediately…
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