Treasury Secretary Bessent testified before a House panel today, addressing the state of the U.S. economy. During a contentious hearing, Secretary Bessent defended President Donald Trump's economic record.
The Secretary's testimony focused on several key economic indicators, including Treasury yields, interest rates, and energy prices. Secretary Bessent attributed the rising bond yields, which have reached a fresh high, to "global issues."
The hearing provided an update on the administration's economic policies and the current financial landscape. This is a developing story and will be updated as details emerge.
