Live Updates: Treasury Secretary Bessent Testifies Before House Panel on Economy
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.
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- ✓ 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.
What changed
Secretary Bessent testified before a House panel and attributed rising bond yields to global factors.
Live updates
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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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