Trump Corruption of Treasury is Costing Americans Billions

Demand a congressional investigation into Treasury Secretary Scott Bessent's conduct. The evidence of political abuse is mounting, and it's costing ordinary Americans real money. Bessent has overseen a Treasury where 7 of 16 Senate-confirmed top officials — 44 percent — have already resigned, with at least four departing specifically over demands to stretch or violate tax law. That includes resisting a push to use taxpayer data for immigration enforcement and a scheme to create a $1.8 billion fund to drop IRS audits of the president and his family. A former senior Treasury official noted that some departing staff may have left to avoid being disbarred. This isn't dysfunction — it's a pattern of pressure to break the law. Meanwhile, Bessent is conducting de facto monetary policy to serve Trump's political image. His buyback of 30-year Treasury bonds — swapping long-term debt for shorter-term, riskier debt — is functionally quantitative easing at a moment when the Fed is debating tightening to fight above-target inflation. It's not working: 30-year yields are higher now than before the intervention. Analysts are calling it "rearranging deck chairs on the Titanic." The Treasury secretary is undermining the Federal Reserve for optics, and the bond market isn't buying it. Congress needs to act before this recklessness triggers a crisis we can't walk back.