That Was Quick: Bessent Issues Hocus-Pocus 3 via CNBC: May “Tap” Treasury General Account to Fund Treasury Buybacks
· wolfstreet.com
That Was Quick: Bessent Issues Hocus-Pocus 3 via CNBC: May “Tap” Treasury General Account to Fund Treasury Buybacks
Buybacks have to be funded with new issuance. All Bessent can do is delay it. That’ll increase the risks of the coming Debt Ceiling.
So that didn’t take lo...