Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
CNBC Markets· Aug 24, 2026 · 11:34 AM
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
This is a summary. Read the complete story at CNBC Markets below.
Read full article at CNBC MarketsRelated Stories
marketsabout 15 hours ago
Social Security checks are projected to be cut by $540 a month in just six years
Social Security’s future may be even more dire than expected as time is running out to shore up the program’s finances.
MarketWatch
marketsabout 18 hours ago
A new bill in Congress would lower the retirement age to 60. See who would qualify.
A new bill calling for lowering Social Security’s full retirement age from 67 to 60 for workers in physically demanding jobs could put additional strain on the trust fund that backs the system and create a two-tiered system among workers, retirement experts said.
MarketWatch
marketsabout 20 hours ago
‘We lived within our means’: I earned $30,000 as a pastor and still retired comfortably. Why don’t you tell people that?
“As a country, we have grown dangerously comfortable.”
MarketWatch