FOX Business correspondent Lauren Simonetti reports on Treasury Secretary Scott Bessent’s comments on Iran’s economy on ‘Varney & Co.’ FOX Business has exclusively obtained Treasury Secretary Scott Bessent’s response to Senator Elizabeth Warren’s latest letter regarding rising 10-year Treasury yields. The senator has sent more than 100 letters to the Treasury Department requesting information in the last 21 months. Bessent’s Saturday letter, which was sometimes sarcastic, accused Warren of having little knowledge of financial markets. BESSENT INVOKES ATTEMPTED MURDER ‘2 HOURS AFTER BEING SWORN IN’ IN DRAMATIC REVERSE OF LEFTIST THREAT A split chart showing Treasury Secretary Scott Bessent and Sen. Elizabeth Warren, D-Mass. (Getty Images/Getty Images) “Instead of accepting my suggestion to study introductory economics, you have continued your letter-writing crusade and tabloid involvement about the Treasury Department,” he said. wrote. Warren sent a letter on October 7 requesting more information about what the Trump administration is doing to reduce borrowing costs for average Americans. The yields are self-inflicted and follow the Federal Reserve’s decision to raise the federal funds rate by a quarter percentage point, driven by concerns about inflation.” The GOP fiscal hawk sounds the alarm about ‘out of control’ federal spending, saying: ‘Both sides have failed us.’ Bessent refuted that characterization in his letter, adding: “It is difficult to treat your concern as sincere,” adding: near zero at its highest level in “22 years old, with inflation hitting a 40-year high, you were a cheerleader for the Biden administration’s reckless spending.” She stated that she blamed the economic fallout at the time on the Federal Reserve, rather than “her own irresponsible fiscal policies.” Warren claimed in her letter that the tax cuts in the One Big Beautiful Bill will add $4.7 trillion to the national debt over a decade and will only benefit the “large, ultra-wealthy corporations, while cutting health care and food assistance for families. Meanwhile, the Iran war has cost taxpayers an estimated $43.6 billion to date, according to the Pentagon.” Treasury Secretary Scott Bessent announces a new set of sanctions against Iran, describing them as “an economic D-day,” in the Treasury Department’s cash room on August 24. (Chip Somodevilla/Getty Images / Getty Images) BESSENT PRESENTS FINANCIAL EDUCATION SHOW, PROMOTES EDUCATION AS KEY TO THE AMERICAN DREAM The secretary concluded his letter by jokingly offering “a tutorial on foreign exchange for dummies,” adding, “if you get it” Warren is a former Harvard Law professor and Bessent previously taught economic history at Yale. CLICK HERE TO DOWNLOAD THE FOX NEWS APP. Bessent signed it with a handwritten note wishing Senator Warren a Happy Indigenous Peoples’ Day.
