Treasury Secretary Scott Bessent in the Oval Office at the White House in Washington, on Dec. 11, 2025. Al Drago/ReutersTreasury Secretary Scott Bessent on Jan. 20 rejected as “a completely false narrative” speculation that European governments could retaliate against President Donald Trump’s push to take control of Greenland by selling U.S. Treasury holdings.Bessent, speaking to reporters on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland, dismissed questions about whether the Treasury Department and the White House had contingency plans if European capitals pursued what a reporter described as a “nuclear option” of dumping U.S. government debt.
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