Source: International Business Times
The hearing before the House Financial Services Committee was formally focused on oversight of the International Monetary Fund, but it quickly turned into a broader political debate over President Donald Trump's economic agenda. Saul Loeb/AFP via Getty Images 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.
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