Searchable News & Info From Reliable Online Sources.
- 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.2 hours ago - Bessent mocks Sen Warren, wishes her ‘Happy Indigenous Peoples’ Day&...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. "Happy Indigenous People's Day in advance to you and your family," Bessent handwrote at the end of his scathing letter, mocking her former claim of Native American heritage. 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 other points as well, 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 that 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,… [TheTopNews] Read More.2 hours ago
- Inside Silicon Valley’s bet on a new path to landing a job in the AI eraAn artificial intelligence-focused academy backed by venture capital giant Andreessen Horowitz is betting that a new generation of tech workers may be better served building products and companies than following a traditional four-year college path.The Horowitz Andreessen Academy, a private, in-person program in San Francisco, is recruiting roughly 50 students for a tuition-free Founding Class Fellowship beginning in fall 2027. The academy was incubated by Andreessen Horowitz, also known as a16z, which is investing $35 million to launch it, according to the school. In 2028, pending regulatory approval, it will offer a two-year program and expects to charge a tuition similar to an "elite private university."Gagan Biyani, founder and CEO of the Horowitz Andreessen Academy and co-founder of online learning platform Udemy, told FOX Business the program reflects "a massive shift" in what modern companies need and what is possible in education.The academy arrives as recent college graduates face a difficult labor market.SILICON VALLEY ACADEMY OFFERS TUITION-FREE ALTERNATIVE TO COLLEGE FOR YOUNG TECH BUILDERSThe unemployment rate among recent college graduates ages 22 to 27 was about 5.6% in the second quarter of 2026, while roughly 42% were underemployed, according to the Federal Reserve Bank of New York. The bank considers a college graduate underemployed when working in a job that typically does not require a bachelor's degree.Still, broader federal data show a college education continues to carry a significant economic advantage.Workers ages 25 and older with bachelor's degrees earned median weekly wages of $1,578 in 2025 and had an unemployment rate of 2.8%, according to the Bureau of Labor Statistics. Workers with only high school diplomas earned $966 per week and had an unemployment rate of 4.3%.The academy's alternative centers on what Biyani calls "proof of work."COLLEGE PRESIDENT WARNS AI COULD STRENGTHEN EDUCATION — OR CREATE DANGEROUS SHORTCUTS: 'IT’S HOW WE MANAGE IT'"We're looking for students who have proof of work. So proof of work is a student who has spent time during their high school career actually building things and shipping them into the world," he said.Biyani said that could include building an app with hundreds of thousands or millions of users, starting a business that generates revenue or solving a difficult technical problem.The school says its founding partners include Anduril, Anthropic, Coinbase, Google, Meta, Nvidia, OpenAI, Palantir, Replit and Stripe. Biyani told FOX Business the academy established partnerships with more than 50 companies before its launch."Before we even… [TheTopNews] Read More.9 hours ago
- What’s Dragging Down A.I. Efficiency? The ‘Verification Tax.’
As artificial intelligence automates office tasks, it is also creating a new type of human work. [TheTopNews] Read More.13 hours ago - From BJ’s to Lululemon, retailers are trimming assortments to boost business
Retail brands are shrinking assortments to get back to healthy growth, while box stores are culling products to better curate offerings and stabilize business. [TheTopNews] Read More.13 hours ago - Money Box
What age will you get your state pension? [TheTopNews] Read More.13 hours ago
The Searchable USWebDaily.com and TheTopNews NewsBank Helps You Be Better Informed, Faster! Spread The Word.
