Treasury Secretary Scott Bessent defended the Trump administration's economic record and his department's actions in financial markets during a combative House hearing Tuesday as Democratic lawmakers challenged him over rising borrowing costs, energy prices and the state of the U.S. economy ahead of the midterm elections.
The hearing before the House Financial Services Committee was formally focused on oversight of the International Monetary Fund, but quickly turned into a broader political debate over President Donald Trump's economic agenda, inflation pressures and Treasury policy.
