Trump, Treasury secretary and Greenland
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Scott Bessent's comments came a day after President Donald Trump said he would impose tariffs on European countries that reject his push to control Greenland.
The U.S. Treasury had planned to buy back $4 billion of its own debt on the day but postponed the operation after encountering a "technical issue," according to an official public statement. The Treasury added that the rescheduled date will be informed on Jan. 16 at 9:00 AM ET.
U.S. Treasury yields ended the week slightly up, lifted by a selloff that pushed government borrowing costs higher in Friday’s session.
Treasury Secretary Scott Bessent on Friday said it’s no “problem” for the U.S. to pay off tariff refunds if the Supreme Court rules against President Trump’s tariffs.
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House lawmakers in both parties joined forces on Wednesday to pass a two-bill spending package to fund large parts of the federal government, marking the latest victory for bipartisan leaders
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The move escalates tensions between the U.S. and longtime allies that have been sending Trump a message that the territory of Denmark is not for sale.