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Morning Bid: “The house” visits the House
- On Tuesday, Treasury Secretary Scott Bessent testifies before the House Financial Services Committee to defend administration policies amid rising costs. Lawmakers will question him on inflation, energy prices, interest rates, and federal debt.
- The national debt has ballooned past $40 trillion, pressuring the 10-year Treasury note to 5.0% on Monday and driving 30-year fixed mortgage rates above 7%. These financial strains compound affordability challenges.
- Bessent will defend his economic isolation campaign against Iran, which he claims has strengthened the economy. The administration also promises $5,000 checks for Americans as part of a $1.3 trillion cash injection.
- Committee Democrats plan to challenge Bessent on his declaration that "I am the house now," questioning whether debt buybacks complicate Federal Reserve monetary policy ahead of Wednesday's expected rate hike.
- To balance criticism, Bessent will highlight wage growth for the bottom 25% of earners rising faster than top groups, with the S&P 500 up about 27% since the administration's second term began.
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LIVE NOW: Treasury Secretary Bessent Testifies to House on State of International Financial System
U.S. Treasury Secretary Scott Bessent testifies to the House Financial Services Committee at 10 a.m. ET on Sept. 15 on the state of the international financial system. ...
·New York, United States
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Capitol Police Remove Anti-Sanctions Protesters During Scott Bessent House Testimony
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Capitol Police removed two anti-sanctions protesters after they disrupted Treasury Secretary Scott Bessent’s testimony before the House Financial Services Committee. Video: Capitol Police Remove Anti-Sanctions Protesters During Scott Bessent House Testimony https://t.co/Euqul8dgcl pic.twitter.com/uUW7WL4t33— Cedar News (@cedar_news) September…
Coverage Details
Total News Sources13
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
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