[Besent: Treasury Buyback Program Is Not Unprecedented, Trump Administration Policies Benefit Families]
U.S. Treasury Secretary Besent wrote to Senator Elizabeth Warren, refuting her claim that the Treasury buyback program is 'unprecedented,' and pointed out that the program has been welcomed by market participants since its implementation in May 2024. Besent stated that the program aims to enhance liquidity in the U.S. Treasury market, reduce market volatility, improve Treasury convenience yields, and secure better value for taxpayers. Tax policies promoted by the Trump administration, such as tax exemptions for overtime income, tax exemptions for tip income, additional deductions for seniors, and child tax credits, are benefiting families and workers.
