Bessent’s Big Bond Buyback Bet: August 24, 2026
Summary
This episode covers Treasury Secretary Scott Bessent’s aggressive bond buybacks amid rising yields and a $40 trillion national debt. It also reports on collapsed U.S.-Canada trade talks, a federal judge striking down Trump’s visa ban, and Iran’s threats ahead of new sanctions. Additional stories include ICE-Iran deportation cooperation, postal ballot rules, and global updates on Ukraine and the DRC Ebola outbreak.
Topics discussed
Intro and Dan Sullivan endorsement humor
U.S.-Canada trade talks collapse and tariffs
Judge strikes down Trump's visa ban
Iran warns against U.S. economic sanctions
ICE and Iran cooperation on deportations
Rising bond yields and Besant's buyback plan
Criticism of Treasury's market interventions
Competition from allies and tech bond issuance
U.S. national debt and deficit concerns
Mail-in ballots, sprout recall, and Rogers race
Pentagon fires Stars and Stripes editor
World news: Ukraine, Congo, and ReformUK
Live Nation, TikTok, and box office results
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