Scott Bessent Delivers LEGENDARY Clapback to Elizabeth Warren’s Endless Letter Campaign

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— Treasury Secretary Scott Bessent (@SecScottBessent) October 10, 2026

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DEPARTMENT OF THE TREASURY
WASHINGTON, D.C.
SECRETARY OF THE TREASURY October 9, 2026
The Honorable Elizabeth Warren
United States Senate
Washington, DC 20510
Dear Senator Warren:
I have received your October 7 letter, which adds to the mounting body of evidence of your complete paucity of knowledge about financial markets. 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.
Unfortunately, it is difficult to treat your concerns as sincere. As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending. You blamed the economic consequences on the Federal Reserve, rather than your own irresponsible fiscal policies. Your view of the economy depends on who occupies the White House, but your woeful understanding of the issues is consistent.
The “interventions” you describe as “unprecedented” have been underway since May 2024. The buyback program has been well received by market participants in bolstering Treasury liquidity, which reduces market volatility, increases the convenience yield of Treasury securities and ensures the best value for the taxpayer. The continued enhancements optimize Treasury market liquidity in primary and secondary markets. The U.S. Treasury market’s liquidity and performance versus global peers is evidence.
While you voted for a $5 trillion tax hike on everyday Americans, the Working Families Tax Cuts continue to deliver for families and workers across the country. The average refund this filing season was over $3,400, an increase of 11 percent 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 their enhanced deduction. More than 34 million families claimed the permanently enhanced Child Tax Credit, and millions of families are utilizing Trump Accounts to unlock a new savings vehicle for children. All of which you voted against.
These results are made possible by the employees of the Department of the Treasury, who are working around the clock for the American people. Unsurprisingly, you have responded by criticizing their dedication and aptitude for the job in a recent interview.¹ Despite your malign characterization, the Domestic Finance team you alluded to in your interview is fully staffed relative to historical levels. It is ironic that you have voted against every presidential appointee for a position at Treasury, no matter how impressive the qualifications for the role. Given your newfound interest in Department personnel, I challenge you to reverse course and thoughtfully engage with future nominees and support their confirmation.
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.
Sincerely,
[Signature]
Scott Bessent
Happy Indigenous Peoples’ Day in advance to you and your family.

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Warren fired off her latest missive to him Oct. 10 demanding answers on what the Treasury Department has been doing to slash borrowing costs for the public.

“Senator Warren loves to write letters,” Bessent told “Fox and Friends” on Sunday. “More than writing the letters, she loves to leak them to the press. That I read about the letter on Bloomberg and Politico before we receive it, and a lot of these letters are embarrassing.

“[She’s] economically illiterate,” he said. “I can’t remember whether it was one, two, three, four letters ago she confused a currency swap with a currency intervention. Then she accused us of doing a bond market intervention. We’ve been doing it since 2024.

“The shocking thing here is that she is the ranking member on the Senate Banking Committee, and she is on Senate Finance.”

Warren, an arch-progressive, has faced criticisms over her past claims of being of Native American heritage when genetic testing showed she has a barely a fraction of a link.

In 1984, she authored a Native American cookbook and identified as Cherokee. She also identified herself as “Native American” in a State Bar of Texas survey two years later.

Harvard Law School, her employer at the time, described her as Native American on federal paperwork between 1995 and 2004, too.

Stanford University professor Carlos Bustamante found that she possessed a Native American ancestor “in the range of 6-10 generations ago.”

Specifically, her Native American heritage was estimated to be between 1/64th and 1/1,024th. It also found that she was likely around 95% European in her genome.

But some geneticists argue that such analysis is flawed because of the lack of data on Native Americans in genetic databases.

She faced condemnation from the Cherokee Nation and later issued an apology in early 2019.

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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

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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 intervention. Then she accused us of a bond market intervention, which we’ve done since 2024. She is the ranking member on the SENATE BANKING COMMITTEE and is on SENATE FINANCE!”

Imagine Pocahontas thinking she knows more about finance than SCOTT BESSENT

He even handwrote the Indigenous Peoples’ Day line at the bottom of his official letter to her

The buyback program she called “unprecedented” started in May 2024, under BIDEN.

The top Democrat on the Banking Committee can’t tell a currency swap from an intervention. You can’t make this sht up!

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@EricLDaugh Sec. Bessent is a silent killer.

“I wish her a Happy Indigenous Day”

— Elton Alikaj (@eltonalikaj) October 11, 2026

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@SecScottBessent @zio1897 Say whatever you want about Bessent, his trolling game is strong!

— Lawrence Lepard, “fix the money, fix the world” (@LawrenceLepard) October 10, 2026

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@SecScottBessent @RapidResponse47 Bessent is savage and entertaining to boot.

— LJintheUSA (@LJ34926547) October 10, 2026

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@SecScottBessent Based AF !!! https://t.co/D3nR70bXIR

— Caged Bird Sings, “Singing Is Resistance” (@CagedSings) October 10, 2026

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