Band-Aid on a Bullet Hole
The Treasury Secretary treats a $40 trillion debt with a $4 billion buyback and calls it liquidity.
Source article: Treasury Secretary Bessent draws criticism over bond buybacks, Iran sanctions.
Column metadata
- Published
- Pen name
- Editorial Board
- Topic tags
- government policy, international trade, conflict, war and peace, monetary policy
- Storylines
- u-s-iran-economic-pressure-strategy
- Primary entities
- Scott Bessent, Donald Trump, United States Treasury, Iran, Canada
- Themes
- US economic policy, Iran sanctions, bond markets, Treasury Department, Trump administration
- Floor values engaged
- Accountability of power, Equality & fairness, Truthfulness