Treasury Sec. Scott Bessent testifies before the House Ways and Means Committee — 6/4/2026

Summary

Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on the Trump administration's economic policies, tax cuts, and budget. The hearing features partisan debate over inflation, tariffs, and the Iran conflict, with no specific investment recommendations.

• Bessent defends the working families tax cuts and claims economic growth and wage increases.
• Democrats criticize the administration for rising costs, tariffs, and the Iran war.
• Discussion covers opportunity zones, digital asset taxation, and the OECD side-by-side agreement.
• Bessent states core inflation is at 2.8% and attributes energy price spikes to the Iran conflict.
• Committee members debate the impact of tariffs and the legality of the anti-weaponization fund.
• No actionable trade ideas or specific asset recommendations are made.