Watch live: Bessent testifies before Senate on Treasury budget as affordability concerns rise
AI Summary
Treasury Secretary Scott Bessent is set to discuss the Treasury Department's proposed budget, which sees a 12% cut for domestic programs in fiscal 2027, with the Senate Finance Committee. This testimony is crucial as it comes amid rising concerns about affordability, likely influenced by factors like Iran's war and fluctuating gas prices. The budget request underscores the administration's priorities but also highlights potential challenges in funding essential domestic programs.
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