Watch live: Bessent faces House questions on economy
Summary
Treasury Secretary Scott Bessent will testify before the House Financial Services Committee about the U.S. economy. This comes as President Trump’s economic plans are being examined due to ongoing issues like the Iran conflict, trade disputes with Canada, and concerns about government debt and prices.Key Facts
- Treasury Secretary Scott Bessent is speaking before the House Financial Services Committee.
- The topic is the current state of the U.S. financial system.
- President Trump’s economic policies are under review.
- There are tensions from a trade war between the U.S. and Canada.
- The Iran war is affecting economic discussions.
- The 10-year Treasury bond yield is a key financial indicator being discussed.
- There are worries about the federal budget deficit.
- Rising costs are a concern as the midterm elections approach.
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