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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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Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.