Watch live: Trump pick to lead economic advisory panel faces confirmation hearing before Senate

Christopher Phelan, President Trump's nominee for heading the White House Council of Economic Advisers, is set to face his confirmation hearing before the Senate Housing, Banking and Urban Affairs Committee. Phelan, a former University of Minnesota professor, is expected to discuss his economic views and plans if confirmed. This nomination is crucial as the Council plays a significant role in shaping the administration's economic policies, and Phelan's confirmation would replace Stephen Miran, who recently resigned. The outcome could influence various economic initiatives and regulatory decisions in the coming years.