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- Scott Bessent responds to Elizabeth Warren letter requesting information on rise...
FOX Business has exclusively obtained Treasury Secretary Scott Bessent’s response to Senator Elizabeth Warren’s latest letter about the rise in the 10-year treasury yield.The senator has sent more than 100 letters to the Treasury Department asking for information in the past 21 months.Bessent’s Saturday letter, which was snarky at times, accused Warren of having little knowledge about financial markets.BESSENT INVOKES ASSASSINATION ATTEMPT '2 HOURS AFTER BEING SWORN IN' IN DRAMATIC BRUSHBACK OF LEFTIST THREAT"Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department," he wrote.Warren sent a letter on Oct. 7 asking for more information about what the Trump Administration is doing to lower borrowing costs for average Americans.WATCH: SEN WARREN UNLOADS ON TRUMP’S FED NOMINEE KEVIN WARSH IN EXPLOSIVE HEARING SHOWDOWNWarren requested Bessent answer her questions by Oct. 21.In the letter, the senator accuses the Treasury secretary of increasing costs, saying, "The surge in Treasury yields is self-inflicted and follows the Fed's decision to raise the federal funds rate by a quarter of a percentage point, driven by concerns about inflation."GOP FISCAL HAWK SOUNDS ALARM ON 'OUT OF CONTROL' FEDERAL SPENDING, SAYING 'BOTH PARTIES HAVE FAILED US'Bessent refuted that characterization in his letter, adding, "It is difficult to treat your concern as sincere," adding, "As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration's reckless spending."He claimed she blamed the economic consequences at the time on the Federal Reserve, rather than "your own irresponsible fiscal policies."ON FILING DEADLINE, GOP BLASTS DEMOCRATS FOR OPPOSING TRUMP TAX CUTS, ‘MAKING LIFE MORE EXPENSIVE’"While you voted for a $5 trillion tax hike on every day Americans, the Working Families Tax Cuts continue to deliver for families and workers across the country," he wrote.Warren claimed in her letter than the tax cuts in the One Big Beautiful Bill will add $4.7 trillion to the national debt over a decade and only benefit the "ultra-wealthy and large corporations — while cutting health care and food assistance for families. Meanwhile the Iran war has cost taxpayers an estimated $43.6 billion to date, according to the Pentagon."BESSENT HOSTS FINANCIAL LITERACY FAIR, TOUTS EDUCATION AS KEY TO AMERICAN DREAMThe secretary concluded his letter by jokingly offering "a Foreign Exchange for Dummies tutorial," adding, "if… [TheTopNews] Read More.20 mins ago - Celebrity Traitors stars are still ‘at one another’s throats’ ...
Sources say that unlike last year's celebrity version of the programme, when the line up had fun and enjoyed it, this time it became extremely stressful behind the scenes. [TheTopNews] Read More.22 mins ago - Pretty Little Liars star Keegan Allen shares grisly photo of stitched-up face af...He told his 8.3 million followers that he is 'healing,' and added that he 'will update more soon.' [TheTopNews] Read More.24 mins ago
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- Rangers boss Derek McInnes salutes his side in overcoming mental tiredness to go...Rangers boss Derek McInnes praised his players for going top of the league - and insisted they had to overcome mental fatigue in their victory over Kilmarnock. [TheTopNews] Read More.31 mins ago
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FOX Business has exclusively obtained Treasury Secretary Scott Bessent’s response to Senator Elizabeth Warren’s latest letter about the rise in the 10-year treasury yield.The senator has sent more than 100 letters to the Treasury Department asking for information in the past 21 months.Bessent’s Saturday letter, which was snarky at times, accused Warren of having little knowledge about financial markets.BESSENT INVOKES ASSASSINATION ATTEMPT '2 HOURS AFTER BEING SWORN IN' IN DRAMATIC BRUSHBACK OF LEFTIST THREAT"Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department," he wrote.Warren sent a letter on Oct. 7 asking for more information about what the Trump Administration is doing to lower borrowing costs for average Americans.WATCH: SEN WARREN UNLOADS ON TRUMP’S FED NOMINEE KEVIN WARSH IN EXPLOSIVE HEARING SHOWDOWNWarren requested Bessent answer her questions by Oct. 21.In the letter, the senator accuses the Treasury secretary of increasing costs, saying, "The surge in Treasury yields is self-inflicted and follows the Fed's decision to raise the federal funds rate by a quarter of a percentage point, driven by concerns about inflation."GOP FISCAL HAWK SOUNDS ALARM ON 'OUT OF CONTROL' FEDERAL SPENDING, SAYING 'BOTH PARTIES HAVE FAILED US'Bessent refuted that characterization in his letter, adding, "It is difficult to treat your concern as sincere," adding, "As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration's reckless spending."He claimed she blamed the economic consequences at the time on the Federal Reserve, rather than "your own irresponsible fiscal policies."ON FILING DEADLINE, GOP BLASTS DEMOCRATS FOR OPPOSING TRUMP TAX CUTS, ‘MAKING LIFE MORE EXPENSIVE’"While you voted for a $5 trillion tax hike on every day Americans, the Working Families Tax Cuts continue to deliver for families and workers across the country," he wrote.Warren claimed in her letter than the tax cuts in the One Big Beautiful Bill will add $4.7 trillion to the national debt over a decade and only benefit the "ultra-wealthy and large corporations — while cutting health care and food assistance for families. Meanwhile the Iran war has cost taxpayers an estimated $43.6 billion to date, according to the Pentagon."BESSENT HOSTS FINANCIAL LITERACY FAIR, TOUTS EDUCATION AS KEY TO AMERICAN DREAMThe secretary concluded his letter by jokingly offering "a Foreign Exchange for Dummies tutorial," adding, "if… [TheTopNews] Read More.
20 mins ago
Sources say that unlike last year's celebrity version of the programme, when the line up had fun and enjoyed it, this time it became extremely stressful behind the scenes. [TheTopNews] Read More.
22 mins ago
He told his 8.3 million followers that he is 'healing,' and added that he 'will update more soon.' [TheTopNews] Read More.
24 mins ago
The Red Devils were twice booed off at Old Trafford on Saturday evening as they conceded a late equaliser against 10-man Spurs to take their winless run to four games in all competitions. [TheTopNews] Read More.
30 mins ago
Rangers boss Derek McInnes praised his players for going top of the league - and insisted they had to overcome mental fatigue in their victory over Kilmarnock. [TheTopNews] Read More.
31 mins ago
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