It Would Take a Lot of Mismanagement to Raise the Cost of Treasury Debt by "Just" 20 Basis Points

Andrew Sorkin criticized Senator Elizabeth Warren for her opposition to Antonio Weiss, President Obama's nominee to be the under secretary of Treasury for domestic finance. Sorkin argues that Warren is mistaken about his role in corporate inversions done to evade U.S. taxes. He also argues that his background makes him uniquely well-suited for this position because it involves the sale of government debt and:

"If the interest on the securities the Treasury sells was just 20 basis points highe...