Warren Challenges Trump Team Over Secretive Yen Rescue
What Happened
US Senator Elizabeth Warren has asked Treasury Secretary Scott Bessent to explain why the Trump administration intervened to support the Japanese yen and how much taxpayer-backed money was used. Warren said the administration has not provided a detailed justification or fully disclosed the cost of the operation.
Key Takeaways
The dispute highlights growing scrutiny over the Trump administration's use of government funds in global currency markets, with lawmakers seeking greater transparency on the costs, legal basis, and risks to US taxpayers.