Warren Urges Treasury to Limit Use of Reserve Fund (1)

Democratic Senator Elizabeth Warren is urging the Trump administration not to provide taxpayer guarantees to aid hedge funds or other financial firms weighing investments in Venezuela following the arrest and capture of that country’s president by US forces.

In a letter to US Treasury Secretary Scott Bessent on Monday, Warren said the US should not use the Exchange Stabilization Fund (ESF) — a reserve fund that US used last year to secure a swap line with Argentina — “to enrich hedge funds or other financial institutions considering investments in Venezuela.”

Senator Elizabeth Warren

Photographer: Al Drago/Bloomberg

“President Trump should not launch illegal foreign wars ...