Hassett: UAE Has Been A Valuable Ally -- Market Talk

Dow Jones04-20

0930 ET - National Economic Council Director Kevin Hassett says he has not spoken directly with Treasury Secretary Bessent about WSJ reports that the United Arab Emirates has opened talks with the U.S. about obtaining a financial backstop. He calls the UAE an "incredibly valuable ally" and says he is sure the Treasury Secretary would "make every effort" to help if necessary. However he added that support is likely unnecessary, pointing to Trump's comments that peace talks are progressing. (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

April 20, 2026 09:30 ET (13:30 GMT)

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