House Democrats to hammer Bessent on rising costs
Potential questions touch on a host of issues, including Russia, Iran, and Venezuela as well as tariffs, bonds, and crypto.
House Democrats are preparing to confront Treasury Secretary Scott Bessent over escalating costs during a Financial Services Committee hearing on Tuesday, according to an internal memo obtained by Semafor. The memo outlines key points the Democrats plan to address, emphasizing how inflation, tariffs, yields, and tensions with Iran are contributing to higher expenses for ordinary Americans.
They anticipate questioning Bessent on his aggressive actions in countries like Argentina and Japan, as well as the impact of recent buybacks in relation to the Federal Reserve's monetary policy. Additionally, Democrats may delve into topics such as Russia, Iran, Venezuela, and the Treasury's plans to reduce Iran's shadow fleet and audit Venezuelan oil revenue.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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