Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength “Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record. Yet...

Source: [Guardian US](https://www.theguardian.com/business/2026/aug/23/jumpy-bond-markets-make-it-clear-trump-risks-driving-us-into-debt-crisis)

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