Wall Street turns on Scott Bessent -- POLITICO covers the threat and dodging financial stratagems

 Sam Sutton & Victoria Guida

8/26/2026

5 a.m.

the Treasury Secretary (Trump-Vance

cabinet , SENATE-confirmed) stunned

traders last week with new bond-buying plan

designed to push down Federal Interest rate

on long-term debt. . .

His approach to combatting IRAN

is to threaten the world with economic

sanctions / tariffs. . .