Live Updates: Treasury Secretary Bessent Testifies Before House Panel on Economy
Treasury Secretary Scott Bessent defended the economic record of Donald Trump during a contentious House panel hearing, attributing rising US Treasury yields to global issues and stating that the strength of the dollar is rooted in policy certainty and credibility.
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- ✓ Treasury Secretary Scott Bessent attributed rising US Treasury yields to global issues.
- ✓ The strength of the dollar is rooted in policy certainty and credibility, according to Bessent.
- ✓ Treasury yields are at their highest since 2002.
What changed
Bessent's testimony before the House panel is the latest development in the ongoing discussion about the national economy and the Trump administration's economic policies.
Live updates
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Treasury Secretary Bessent Testifies Before House Panel
Treasury Secretary Scott Bessent defended the economic record of Donald Trump during a contentious House panel hearing, attributing rising US Treasury yields to global issues and stating that the strength of the dollar is rooted in policy certainty and credibility.
Why it matters
The hearing focused on the intersection of interest rates, energy prices, and the broader national economy. Bessent faced questions from House Democrats on rising energy costs and bond yields as Treasury yields hit a fresh high. The session comes amid concerns about inflationary pressures and potential interest rate hikes from the Federal Reserve.
What is confirmed
- Treasury Secretary Scott Bessent attributed rising US Treasury yields to global issues.
- The strength of the dollar is rooted in policy certainty and credibility, according to Bessent.
- Treasury yields are at their highest since 2002.
Still unconfirmed
- Iran's economy will have 'nothing to trade' in about two weeks after it makes its final oil deliveries, according to Bessent.
What to watch next
- The Federal Reserve's decision on interest rates
- The impact of US-Iran tensions on energy supply and prices
- The release of inflation data and its effect on the economy
confidence 85%Sources used for this update (10)
- live.house.gov — live.house.gov, U.S. House of Representatives
- retiredamericans.org — Friday Alert Archives - Retired Americans
- www.nbcnews.com — New Hampshire House Primary Results 2026
- www.nbcnews.com — Massachusetts House Primary Results 2026
- www.youtube.com — WHERE DID THE MONEY GO? — Rep. Torres CONFRONTS Bessent In ...
- economictimes.indiatimes.com — treasury secretary scott bessent: Latest News & Videos ...
- nypost.com — Iran’s economy will have ‘nothing’ left ‘within two weeks ...
- clerk.house.gov — Office of the Clerk, U.S. House of Representatives
- economictimes.indiatimes.com — bessent testifies before congress News and Updates from The ...
- fortune.com — Bessent said ‘I am the house.’ The bond market disagreed
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Treasury Secretary Bessent Defends Economic Record in House Hearing
Treasury Secretary Scott Bessent testified before a House panel on Thursday, defending the economic record of Donald Trump during a contentious hearing. Bessent attributed rising US Treasury yields to global issues and stated that the strength of the dollar is rooted in policy certainty and credibility. House Democrats questioned Bessent specifically on rising energy costs and bond yields as Treasury yields hit a fresh high. The session focused on the intersection of interest rates, energy prices, and the broader national economy.
Why it matters
The testimony occurs as the US faces volatility in bond markets and increasing costs for consumers. This hearing serves as a primary oversight mechanism for the Treasury's current economic strategy.
What is confirmed
- Treasury Secretary Scott Bessent testified before a House panel regarding the economy.
- Bessent attributed rising bond yields to global issues.
- US Treasury yields reached a fresh high during the testimony.
- Bessent defended the economic record of Donald Trump during the hearing.
- House Democrats questioned Bessent on energy costs and bond yields.
Still unconfirmed
- The strength of the dollar is based on credibility and policy certainty.
What to watch next
- Official transcripts of the House panel hearing
- Treasury Department response to Democratic critiques of energy costs
- Further movement in US Treasury yields following the testimony
confidence 100%Sources used for this update (11)
- The New York Times — Live Updates: Treasury Secretary Bessent Testifies Before House Panel on Economy
- cnbc.com — Treasury Secretary Bessent defends Trump economic record in contentious hearing
- Reuters — Live: Bessent testifies before Congress as US Treasury yields hit fresh high
- MarketWatch — Bessent testifies before Congress today: Treasury yields, interest rates, energy prices and the economy take focus — live updates
- Yahoo Finance — US Treasury chief says rising bond yields due to 'global issues'
- Reuters — COMMENTARY: Morning Bid: "The house" visits the House
- Semafor — Exclusive / House Democrats to hammer Bessent on rising costs
- qz.com — Democrats grill Scott Bessent on bond yields and energy costs
- Reuters — US Treasury's Bessent says bond yields reflect 'global issues'
- The Hill — Watch: Bessent faces House questions on economy
- Reuters — Bessent says strong dollar based on credibility, policy certainty
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