Odaily News: US Treasury Secretary Bessent sent a letter to Senator Elizabeth Warren responding to her questions about Treasury-related policies, pointing out that Warren's understanding of the Treasury market "lacks foundation," and criticizing her previous support for the Biden administration's spending policies, while attributing the economic consequences to the Federal Reserve rather than fiscal policy.

In response to Warren's claim that recent US "intervention measures are unprecedented," Bessent said in the letter that the relevant Treasury buyback plan has been implemented since May 2024 and has been welcomed by market participants. The plan aims to enhance liquidity in the US Treasury market, reduce market volatility, improve the convenience yield of Treasury securities, and secure better value for taxpayers. The tax policies promoted by the Trump administration are benefiting families and workers, including measures such as tax exemption for overtime income, tax exemption for tip income, additional deductions for seniors, and the child tax credit.