Trump's Economic Legacy on Trial: Bessent's Testimony Sparks Tensions Treasury Secretary Scott Bessent faced intense scrutiny during his annual testimony before the House Financial Services Committee, which was marked by protests and a contentious atmosphere.
The hearing highlighted the challenges facing the administration in defending its economic policies against mounting evidence of their shortcomings.
Bessent's opening statement, touting the success of the Iran war and rising wages for low income Americans, fell flat against the backdrop of record high oil prices, swelling national debt, and a consumer price index up 3.