Watch live: Bessent testifies before Senate on Treasury budget as affordability concerns rise
Summary
Treasury Secretary Scott Bessent will speak to the Senate Finance Committee about President Trump's budget plan for the Treasury Department in 2027. The White House is asking for $11.5 billion for Treasury domestic programs, which is 12% less than the 2026 budget. This discussion comes amid worries about affordability.Key Facts
- Treasury Secretary Scott Bessent is testifying before the Senate Finance Committee.
- The topic is President Trump’s proposed 2027 budget for the Treasury Department.
- The requested budget for domestic programs is $11.5 billion.
- This amount is 12% lower than the Treasury's budget in 2026.
- The hearing occurs at a time when people are concerned about how affordable everything is.
- The Senate Finance Committee oversees financial and budget issues related to the government.
- The testimony is happening on a Wednesday morning.
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