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Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says

August 20, 2026
in News
Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says

Good morning. On Fortune’s radar today:

  • Bessent’s bond buyback plan is like ‘rearranging deckchairs on the Titanic.’
  • Markets: Chill.
  • Venezuela wants your money and your drilling equipment.
  • Trump calls for “Economic D-Day” against Iran.
  • More ships are getting through the Hormuz than we thought.
  • Poll: Most Russians want the war with Ukraine to end.
  • AI is causing dislocation in the job market.
  • It’s a golden era for train robberies, thanks to Covid.

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The post Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says appeared first on Fortune.

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