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Scott Bessent fires back at Elizabeth Warren over Treasury yields letter
Fox Business • • business
Key Points:
- Treasury Secretary Scott Bessent responded sharply to Senator Elizabeth Warren's letter about rising 10-year Treasury yields, mocking her past claims of Native American heritage and criticizing her financial knowledge.
- Warren has sent over 100 letters to the Treasury Department in the past 21 months, recently accusing the Treasury of increasing borrowing costs, which Bessent disputed, blaming her fiscal policies instead.
- Bessent accused Warren of supporting reckless federal spending and tax hikes, contrasting this with the benefits of recent tax cuts for American families, while Warren highlighted concerns about national debt and social program cuts.
- The exchange included sarcastic remarks from Bessent offering Warren tutorials on economics, referencing their academic backgrounds at Yale and Harvard, respectively.
- Warren previously faced backlash from tribal leaders over a DNA test she took to prove Indigenous ancestry, which she later apologized for after criticism that such tests do not determine Native American identity.
