September 10, 2026 1:12 AM
US Treasury chief Bessent backs using US financial power as foreign policy tool
U.S. Treasury Secretary Scott Bessent advocated on Tuesday for Washington's use of financial power as a foreign policy tool with the goal of advancing the interests of American allies, including in financial and political situations abroad. "I believe that I can use the balance sheet of the U.S. for foreign policy. So, we have a foreign policy goal and that is to create allies in the Western hemisphere," Bessent said in an event at the SMU Cox School of Business. "Argentina was the front-runne...