Bessent on Saturday sent a handwritten note to lefty Sen. Elizabeth Warren (D-Mass.) wishing her a “Happy Indigenous Peoples’ Day” — a cheeky jab at her past claims at being of Native American descent.
uncertain
Bessent → send → descent
“Happy Indigenous Peoples’ Day in advance to you and your family,” he said, according to Fox Business Network.
uncertain
he → say → Network
His note also was a dig at Warren’s prolific letter-writing, which has included 100 letters sent to Bessent alone since the start of the second Trump administration, according to his team.
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which → include → team
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.
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Department → fire → public
“Senator Warren loves to write letters,” Bessent told “Fox and Friends” on Sunday.
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Bessent → love → Sunday
“More than writing the letters, she loves to leak them to the press.
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she → write → press
That I read about the letter on Bloomberg and Politico before we receive it, and a lot of these letters are embarrassing.
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lot → read → letters
“[She’s] economically illiterate,” he said.
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he → ’ → ?
“I can’t remember whether it was one, two, three, four letters ago she confused a currency swap with a currency intervention.
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she → remember → intervention
Then she accused us of doing a bond market intervention.
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she → accuse → intervention
We’ve been doing it since 2024.
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We → do → 2024
“The shocking thing here is that she is the ranking member on the Senate Banking Committee, and she is on Senate Finance.”
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she → rank → 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.
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she → face → link
In 1984, she authored a Native American cookbook and identified as Cherokee.
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she → author → Cherokee
She also identified herself as “Native American” in a State Bar of Texas survey two years later.
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She → identify → survey
Harvard Law School, her employer at the time, described her as Native American on federal paperwork between 1995 and 2004, too.
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School → describe → 1995
Stanford University professor Carlos Bustamante found that she possessed a Native American ancestor “in the range of 6-10 generations ago.”
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she → find → range
Specifically, her Native American heritage was estimated to be between 1/64th and 1/1,024th.
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heritage → estimate → ?
It also found that she was likely around 95% European in her genome.
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she → find → genome
But some geneticists argue that such analysis is flawed because of the lack of data on Native Americans in genetic databases.
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analysis → argue → databases
President Trump later seized on this by dubbing her “Pocahontas” and offering to donate $1 million to a charity of her choice if she took a test to prove her claims that she should be considered Native American.
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she → seize → claims
In her latest letter to Bessent, Warren wrote, “The surge in Treasury yields is self-inflicted and follows the Fed’s decision to raise the federal funds rate by a quarter of a percentage point, driven by concerns about inflation.”
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surge → write → inflation
Last month, the 30-year treasury yield, which is the rate of return investors can expect for holding federal government debt, jumped to its highest level since 2004.
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investors → expect → 2004
Bessent fired back at Warren’s criticisms in his at times sassy response.
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Bessent → fire → response
“It is difficult to treat your concern as sincere,” he said.
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he → treat → concern
“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.”
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you → climb → spending
Later, he offered Warren “a Foreign Exchange for Dummies tutorial still.
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he → offer → tutorial
“[I]f you receive a passing grade to the Yale metric, not the Harvard curve, I would be happy to also include a Fixed Income for Dummies,” he said.
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he → receive → Dummies
Warren’s office did not respond to a Post request for comment.
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office → respond → comment
The Aporia
