U.S. Treasury chief Scott Bessent to skip IMF-World Bank meetings in Bangkok

What happened: U.S. Treasury Secretary Scott Bessent will skip next week's IMF and World Bank annual meetings in Bangkok due to domestic engagements. Deputy Treasury Secretary Francis Brooke and Under Secretary Erin Browne will lead the U.S. delegation. Key numbers: Benchmark Treasury yields have surged to their highest levels in nearly 25 years. Why it matters: Bessent's absence may frustrate foreign officials who use the meetings for bilateral talks with their U.S. counterpart. The U.S. leads the G20 this year, and the Treasury chief would normally have chaired a finance ministers meeting. Coverage: 4 outlets in 24h

U.S. Treasury Secretary Scott Bessent will skip next week's IMF and World Bank annual meetings in Bangkok due to domestic engagements. Deputy Treasury Secretary Francis Brooke and Under Secretary Erin Browne will lead the U.S. delegation.

Bessent's absence may frustrate foreign officials who use the meetings for bilateral talks with their U.S. counterpart. The U.S. leads the G20 this year, and the Treasury chief would normally have chaired a finance ministers meeting.