Silent scent influences U S treasury
A report from The Wall Street Journal revealed a tense atmosphere within the U.S. Treasury Department during the tenure of Finance Minister Scott Bessent, due to his confrontational and authoritarian management style. His approach is characterized by verbal abuse and yelling, which has led to the departure of prominent officials and reduced participation by some staff in decision-making. Bessent places great emphasis on authority and relies on a small circle of advisors, intervening in various issues related to fiscal policy, negotiations with China, artificial intelligence, and pressure on Iran. Meanwhile, borrowing costs are rising, and the U.S. economic performance is deteriorating, with the budget deficit exceeding 6% of GDP and public debt surpassing $40 trillion. Despite some successes in certain areas, he faces widespread criticism for his combative style and its impact on investor confidence and institutional stability, amid close ties with Trump and repeated clashes with senior officials and the media.
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