PodcastThe Journal.October 19, 2026
Tension and Tirades Inside the U.S. Treasury
Treasury Secretary Besant holds unprecedented policy power and Trump's trust despite a volatile management style driving historic staff turnover.
- Unprecedented remit: Besant leads China trade talks, handles economic sanctions pressure on Iran, sits on the AI Task Force, and manages Treasury debt and bond-market issues simultaneously.
- Volatile management style: WSJ interviewed 30+ current/former officials; Besant reportedly threw a briefing binder at a wall and shouted at staff who move too slowly.
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