US Treasury's Bessent says upsized bond buybacks could increase further

US Treasury Secretary Scott Bessent has outlined a strategy to ramp up bond buybacks, aiming to enhance market liquidity and instill confidence in economic fundamentals. Simultaneously, a fiscal consolidation initiative is underway, targeting savings in the hundreds of billions. This year's deficit has been exacerbated by refunds of illegal tariffs, while newly imposed tariffs and changes in tax laws are expected to significantly influence future revenue streams.