ποΈ US Treasury Secretary faces G20 diplomacy test
US Treasury Secretary Scott Bessent is facing a significant test of his economic diplomacy this week. He is pressuring G20 finance leaders to reduce trade imbalances and stop business with Iran. This comes as he tries to soothe concerns regarding rising US debt and bond yields. Bessent aims to revamp the G20 process under US leadership in Asheville, North Carolina. The meeting of finance ministers and central bank governors is scheduled for Monday and Tuesday.