Bessent Suggests Tapping Treasury General Account for Treasury Buybacks

Bessent has proposed using the Treasury General Account to fund Treasury buybacks, a move that critics argue would only delay new issuance and increase debt ceiling risks.

24 Aug, 17:47 — 24 Aug, 17:47

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wolf-streetMixed1d ago

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.

By Wolf Richter

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Bessent Suggests Tapping Treasury General Account for Treasury Buybacks

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That Was Quick: Bessent Issues Hocus-Pocus 3 via CNBC: May “Tap” Treasury General Account to Fund Treasury Buybacks

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