Bessent spars with Warren in second day of contentious Capitol Hill hearings
ABC News • • business
Key Points:
- Treasury Secretary Scott Bessent declined to assure that Kevin Warsh, President Trump's Fed chair nominee, would not face lawsuits or investigations if interest rates are not cut as demanded by the president, deflecting responsibility to Trump.
- Bessent engaged in contentious exchanges with Democratic senators during the Senate Banking Committee hearing, including mocking questions and making jokes about senators, leading to criticism of his behavior as childish.
- Republican Sen. Thom Tillis criticized the Justice Department's investigation into Fed Chair Jerome Powell's testimony, stating most committee members saw no crime in Powell's statements about Treasury office renovation cost overruns.
- Bessent distanced himself from questions about Trump's pardon of Binance founder Changpeng Zhao, citing unfamiliarity and stating the pardon process is
