Sam Sutton

As the administration promises unprecedented economic isolation, former US officials and Iran experts warn Tehran may be willing to absorb far more pain than Washington anticipates.

As the administration promises unprecedented economic isolation, former US officials and Iran experts warn Tehran may be willing to absorb far more pain than Washington anticipates.

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Treasury Secretary Scott Bessent on Wednesday announced that the federal government will buy back more of its own bonds, a move that briefly reversed

Editor's note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m.

Treasury Secretary Scott Bessent thinks that the debt being used to finance the AI boom is creating competition for capital in long-term debt markets.

Wall Street celebrated when President Donald Trump tapped Scott Bessent to lead the Treasury Department. Now, the former hedge fund manager is being tested by the markets that catapulted him to power.

Wall Street celebrated when President Donald Trump tapped Scott Bessent to lead the Treasury Department. Now, the former hedge fund manager is being tested by the markets that catapulted him to power.

The Treasury secretary’s credibility as a steward of U.S. financial markets is under threat.

The rise in debt yields threatens to stoke Americans‘ anger by pushing up rates even more on mortgages and consumer loans.