Treasury Secretary Scott Bessent will testify before a House Appropriations Committee panel on Tuesday morning, as economic uncertainty continues to grow following President Trump's latest tariff rollout.
Trump has largely changed his tune on the economy in recent days, suggesting now that Americans should buy less and will probably pay more and bear the brunt of an uncertain economic landscape. Asked earlier this month whether a recession was looming, the president said, "anything can happen."
Bessent's remarks come after the U.S. gross domestic product (GDP) dipped by 0.3 percent in the first quarter of 2025. The Treasury chief has largely defended Trump amid market shakeups and the trade war, calling the turmoil "economic rebalancing."
The president paused a majority of reciprocal tariffs for 90 days, but a baseline 10 percent tariff still remains on nearly all foreign imports.
The hearing is scheduled to begin at 10 a.m. EDT.
Watch the live video above.
Read More Details
Finally We wish PressBee provided you with enough information of ( Watch live: Bessent testifies on Treasury oversight as economic turmoil mounts )
Also on site :
- ‘We are suffering’: Displaced families bear burden of South Sudan conflict
- Kelsey Grammer Reveals Former Girlfriend Aborted Their Son When He Was in College
- Israel strikes Yemen's Hodeidah Port after Houthi attack on Israeli airport