https://www.live-feeds.com/feed/bessent-and-his-boss-have-lost-all-credibility-on-the-economyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bessent-and-his-boss-have-lost-all-credibility-on-the-economyhttps://www.live-feeds.com/feed/bessent-and-his-boss-have-lost-all-credibility-on-the-economy#u66817Sun, 13 Sep 2026 07:30:32 +0000The bond market rebuffed the Treasury Department's six billion dollar plan to reduce borrowing costs by buying back longer-term debt, which is triple the normal level. Edgy bond investors remained unconsoled by the operation as government bonds sold off despite the intervention. Treasury Secretary Bessent dismissed concerns regarding the buyback, maintaining that Treasuries are strong. Analysts question official credibility regarding economic management as markets reject the administration's fiscal efforts.Why it mattersThe Treasury attempted to lower borrowing costs through a major