Scott Bessent Reportedly Could Dip Into Rainy Day Fund In Major Escalation Over Gov’t Buybacks

August 24, 2026 11:41 AM ET Treasury Secretary Scott Bessent could tap a nearly $1 trillion cash reserve to fund Treasury bond buybacks, giving the Trump administration more firepower to push down long-term borrowing costs as investors increasingly question the U.S.’s fiscal sustainability, CNBC reported Monday.The Tre

Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.

Plus: the U.S. hits Canada with 50 percent tariffs, a federal judge voids Trump’s visa ban, and Dan Sullivan endorses Dan Sullivan in race against Dan Sullivan.

Treasury Secretary Scott Bessent fired a blistering shot across Iran’s bow, declaring that President Donald Trump is bringing the hammer down on the Islamic Republic once and for all. Writing in the Financial Times on Sunday, Bessent wrote, “We are entering the endgame. At dawn begins an economic D-Day — the single gre

"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."