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US Treasury Secretary Scott Bessent policy and conduct

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2026-10-08 10:56 UTC → 2026-10-10 06:33 UTC · added ~~removed~~

U.S. Treasury Secretary Scott Bessent has maintained a policy focus on domestic economic stability, technological competition, and the use of financial tools in foreign policy. During recent congressional testimony, Bessent reiterated his goal to increase the U.S. share of global AI compute power from 55–60% to 80% by 2028 through voluntary industry guidelines. He also defended bond buybacks as successful liquidity measures despite high 10-year Treasury yields and noted that yen interventions have benefited American exporters. On the international stage, Bessent has defended the administration’s sanctions regime. During a House Financial Services Committee hearing, he was met with protests regarding U.S. sanctions on Iran and Cuba, with demonstrators claiming the measures cause civilian deaths. Bessent defended the strategy, stating the U.S. economy has enabled the ‘greatest isolation campaign in history’ against Iran and that the nation is actively ‘eliminating’ the Iranian threat. Bessent’s leadership has ~~also~~ faced intensifying scrutiny regarding his management style. ~~Following~~ While he previously dismissed reports of volatility as originating from ‘disgruntled former employees,’ more than 30 current and former officials have now described him as a ~~Wall Street Journal investigation alleging high staff turnover~~ demanding and frequently volatile ~~behavior—including claims of yelling at aides~~ leader. These reports allege he has reprimanded staff across all levels over policy formulation and ~~an incident involving~~ administrative issues. Specific allegations include a ~~binder—Bessent denied the reports. Appearing on Fox News, he dismissed~~ January confrontation involving shouting and verbal abuse directed at John Harley, the ~~publication as a ‘shadow of its~~ former ~~self,’ asserted he is ‘tough but fair,’~~ Under Secretary for Terrorism and ~~suggested~~ Financial Intelligence, who subsequently transitioned to the ~~allegations originated~~ role of U.S. Ambassador to the OSCE. Supporters contend his intense style reflects a commitment to the Trump administration’s economic agenda. Over his 20-month tenure, Bessent has consolidated influence by bringing in close associates from ~~disgruntled former employees.~~ his finance career, such as Gene Lang.

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