Watch live: Bessent testifies before Senate on Trump’s 2027 budget request
Summary
Treasury Secretary Scott Bessent testified before a Senate committee about President Trump’s budget request for 2027. The request includes $11.5 billion for domestic programs in the Treasury Department, which is $1.5 billion less than the 2026 budget.Key Facts
- Scott Bessent is the current Treasury Secretary.
- He appeared before the Senate Appropriations Committee.
- The budget discussed is for the fiscal year 2027.
- President Trump’s budget request asks for $11.5 billion for Treasury domestic programs.
- This amount is $1.5 billion less than the previous year’s (2026) budget.
- Some program cuts include reductions to the Community Development Financial Institutions Fund.
- The hearing focused on reviewing and discussing these proposed budget changes.
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