{"id":6467,"date":"2026-10-10T23:06:24","date_gmt":"2026-10-10T23:06:24","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=6467"},"modified":"2026-10-10T23:06:24","modified_gmt":"2026-10-10T23:06:24","slug":"scott-bessent-fires-back-at-elizabeth-warren-over-treasury-yields-letter","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=6467","title":{"rendered":"Scott Bessent fires back at Elizabeth Warren over Treasury yields letter"},"content":{"rendered":"
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FOX Business correspondent Lauren Simonetti reports on Treasury Secretary Scott Bessent’s remarks regarding Iran’s economy on ‘Varney & Co.’<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
FOX Business has exclusively obtained Treasury Secretary Scott Bessent\u2019s response to Senator Elizabeth Warren\u2019s latest letter about the rise in the 10-year treasury yield.<\/p>\n
The senator has sent more than 100 letters to the Treasury Department asking for information in the past 21 months.<\/p>\n
Bessent\u2019s Saturday letter, which was snarky at times, accused Warren of having little knowledge about financial markets.<\/p>\n
BESSENT INVOKES ASSASSINATION ATTEMPT ‘2 HOURS AFTER BEING SWORN IN’ IN DRAMATIC BRUSHBACK OF LEFTIST THREAT<\/strong><\/p>\n
A split graphic showing Treasury Secretary Scott Bessent and Sen. Elizabeth Warren, D-Mass.<\/span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
“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.<\/p>\n
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.<\/p>\n
WATCH: SEN WARREN UNLOADS ON TRUMP\u2019S FED NOMINEE KEVIN WARSH IN EXPLOSIVE HEARING SHOWDOWN<\/strong><\/p>\n
Warren requested Bessent answer her questions by Oct. 21.<\/p>\n
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.”<\/p>\n
GOP FISCAL HAWK SOUNDS ALARM ON ‘OUT OF CONTROL’ FEDERAL SPENDING, SAYING ‘BOTH PARTIES HAVE FAILED US’<\/strong><\/p>\n
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.”<\/p>\n
He claimed she blamed the economic consequences at the time on the Federal Reserve, rather than “your own irresponsible fiscal policies.”<\/p>\n
ON FILING DEADLINE, GOP BLASTS DEMOCRATS FOR OPPOSING TRUMP TAX CUTS, \u2018MAKING LIFE MORE EXPENSIVE\u2019<\/strong><\/p>\n
“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.<\/p>\n
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 \u2014 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.”<\/p>\n
Treasury Secretary Scott Bessent announces a new set of sanctions against Iran, describing them as “an economic D-Day,” in the Cash Room at the Treasury Department on August 24.<\/span> (Chip Somodevilla\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n
BESSENT HOSTS FINANCIAL LITERACY FAIR, TOUTS EDUCATION AS KEY TO AMERICAN DREAM<\/strong><\/p>\n
The secretary concluded his letter by jokingly offering “a Foreign Exchange for Dummies tutorial,” adding, “if you receive a passing grade to the Yale metric, not the Harvard curve, I would be happy to also include a Fixed Income for Dummies.”<\/p>\n
Warren is a former Harvard Law professor and Bessent previously taught economic history at Yale.<\/p>\n
CLICK HERE TO DOWNLOAD THE FOX NEWS APP<\/strong><\/p>\n
Bessent signed it with a handwritten note wishing Senator Warren a Happy Indigenous Peoples’ Day.<\/p>\n<\/div>\n
FOX Business correspondent Lau… <\/p>\n","protected":false},"author":1,"featured_media":6468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[707,7175,2428,1160,706,708,4132,4963],"class_list":["post-6467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bessent","tag-elizabeth","tag-fires","tag-letter","tag-scott","tag-treasury","tag-warren","tag-yields"],"yoast_head":"\n
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![\"Split](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/10\/931\/523\/bessent-warren-split.jpg?ve=1&tl=1\")
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