Treasury Secretary Scott Bessent appears to have reached the limit of his patience with Sen. Elizabeth Warren’s steady stream of letters. The report says Warren has sent more than 100 letters expressing “concerns” about President Trump’s economic policies. On Saturday, Bessent answered the latest one with a letter of his own, and it was not exactly a gentle suggestion to schedule a follow-up meeting. He challenged Warren’s understanding of financial markets, defended Treasury’s work, and finished with a handwritten note wishing her and her family a “Happy Indigenous Peoples’ Day!” Bureaucratic correspondence rarely comes with this much bite.
The opening was not subtle. Bessent wrote, “I have received your October 7 letter, which adds to the mounting body of evidence of your complete paucity of knowledge about financial markets.” He followed with another sharp assessment: “Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department.” That is a rather spicy way to recommend someone hit the economics textbooks. Bessent added, “Unfortunately, it is difficult to treat your concerns as sincere.”
The economic argument came next. Bessent pointed to the federal funds rate climbing from near zero to its highest level in 22 years, while inflation reached a 40-year high. In his account, Warren cheered the Biden administration’s reckless spending and then blamed the consequences on the Federal Reserve instead of the fiscal policies behind them. He argued that her view of the economy changes depending on who occupies the White House, while her understanding of the issues remains consistently poor.
Bessent also rejected Warren’s description of Treasury actions as unprecedented. “The “interventions” you describe as “unprecedented” have been underway since May 2024,” he wrote. He said the buyback program had been well received by market participants because it bolstered Treasury liquidity, reduced market volatility, improved the convenience yield of Treasury securities, and helped ensure the best value for taxpayers. The continued enhancements, he wrote, were aimed at optimizing liquidity in both primary and secondary markets.
On tax policy, Bessent’s letter contrasted Warren’s vote for what he described as a $5 trillion tax hike on everyday Americans with the results of the Working Families Tax Cuts. He cited an average refund of more than $3,400 this filing season, an 11 percent increase over the previous year. More than 30 million workers claimed No Tax on Overtime, more than 7 million claimed No Tax on Tips, and more than 37 million seniors claimed the enhanced deduction. More than 34 million families claimed the permanently enhanced Child Tax Credit, while millions of families were using Trump Accounts as a new savings vehicle for children. “All of which you voted against,” Bessent wrote.
He then turned to Warren’s criticism of Treasury employees. “Despite your malign characterization, the Domestic Finance team you alluded to in your interview is fully staffed relative to historical levels.” Bessent also noted that Warren had voted against every presidential appointee for a Treasury position, regardless of qualifications, and challenged her to reconsider that approach with future nominees.
The closing line delivered the humor. “Finally, my offer of a Foreign Exchange for Dummies tutorial still stands and if you receive a passing grade on the Yale metric, not the Harvard curve, I would be happy to also include a Fixed Income for Dummies.” He signed the letter and added, “Happy Indigenous Peoples’ Day in advance to you and your family.” Warren’s latest letter asked what Treasury had done to lower borrowing costs for Americans. Bessent answered with policy arguments, personnel criticism, and a crash course that apparently comes with homework.
— Treasury Secretary Scott Bessent (@SecScottBessent) October 10, 2026
🚨 LMAO! Sec. Scott Bessent just dropped this hilarious line on Elizabeth Warren:
"This level of illiteracy is woeful! I wish her happy Indigenous People's day to her and her family!" 😭
"A lot of these letters are embarrassing."
"She confused a currency swap with a currency… pic.twitter.com/1pEQNE3UTh
— Eric Daugherty (@EricLDaugh) October 11, 2026
Sec. Bessent is a silent killer.
“I wish her a Happy Indigenous Day”
🤣💀
— Elton Alikaj (@eltonalikaj) October 11, 2026
Say whatever you want about Bessent, his trolling game is strong!
— Lawrence Lepard, "fix the money, fix the world" (@LawrenceLepard) October 10, 2026
Bessent is savage and entertaining to boot.
— LJintheUSA (@LJ34926547) October 10, 2026
Based AF !!! https://t.co/D3nR70bXIR
— Caged Bird Sings, "Singing Is Resistance" (@CagedSings) October 10, 2026
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