Sam Sutton

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.

ASHEVILLE, North Carolina — The U.S. has the G20 presidency. And in the shadow of the Blue Ridge Mountains, finance ministers from around the globe were reminded again and again exactly who the president is.

A looming Supreme Court battle over financial regulation has the makings of a political prize fight. And like any good heavyweight bout, it's going to be a star-studded affair.

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

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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.