Bessent vs Warren on Yen Move | Duluth News

Treasury Secretary Scott Bessent fires back at Senator Elizabeth Warren with a blunt, educational letter defending his recent yen-buying move — using existing funds, not new loans — as a necessary step to stabilize markets and prevent higher borrowing costs for Americans. The exchange unfolds amid the G20 Finance Track in Asheville, where Bessent argues the Treasury’s legal authority is clear under existing statutes, while Warren pushes back on his power. Meanwhile, Warren’s own appearance at the Democratic convention in North Carolina underscores her push for more progressive, even socialist, candidates — highlighting a growing ideological rift within the party over foreign policy and economic management. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e5dd0b894706ad72