"Gay Treasury Secretary Bessent testified at a Senate hearing today, exuding smugness and using evasive, dishonest responses to defend the Trump administration's corrupt policies. The contentious hearing in front of the Senate's Banking, Housing, and Urban Affairs Committee was ostensibly to discuss Bessent's oversight of the Financial Stability Oversight Council's annual report, which assesses U.S. financial stability, emerging threats, and regulatory developments. However, many of the questions focused on how Trump's policies have harmed everyday American taxpayers."
"During an early exchange, Sen. Elizabeth Warren (D-MA) noted that the cost of groceries has risen over the last year, and added, "It's not just groceries. The numbers from Trump's own economic agency show that Americans are paying more for utility bills, more for health care, more for housing construction." When asked why Trump refers to complaints about affordability as a "hoax," Bessent claimed it's because rising prices are actually caused by the previous presidential administration."
"In another exchange, Sen. Jack Reed (D-RI), who has served in the U.S. Congress since 1991, told Bessent, "Being the senior person here, your behavior to some of my colleagues is absolutely childish." Bessent sarcastically replied, "Thank you, senator. Good to see you." Sen. Chris Van Hollen (D-MD) noted that Bessent had implied that Minnesota Veterans' Affairs ICU nurse Alex Pretti was culpable for his own killing at the hands of federal immigration officers because he had a gun that he was licensed to carry. "Would you like to retract that statement?" Van Hollen asked Bessent."
Treasury Secretary Scott Bessent faced a contentious Senate Banking, Housing, and Urban Affairs Committee hearing on his oversight of the Financial Stability Oversight Council's annual report. Senators emphasized rising consumer costs, citing higher grocery, utility, health care, and housing construction expenses affecting American taxpayers. Bessent attributed current price increases to the previous presidential administration. Senators challenged Bessent's demeanor and statements, with Sen. Jack Reed calling his behavior childish and Sen. Chris Van Hollen questioning implications that a licensed Minnesota nurse bore responsibility for his own killing. Exchanges included sarcastic replies and demands for retractions or remorse.
#treasury-secretary-scott-bessent #senate-banking-committee-hearing #inflation-and-affordability #trump-administration-controversy
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