Capitol Hill grilling: Bessent defends his record, blames global forces for rising yields
TL;DR
Treasury Secretary Scott Bessent defended his record before Congress and attributed rising 10-year yields to global factors, arguing external pressures like oil prices and trade dynamics—not domestic policy—are driving rates higher.
- Bessent testifies before Congress today: Treasury chief defends his record, says rising bond yields due to global issues — live updates MarketWatch
- Live Updates: Treasury Secretary Bessent Testifies Before House Panel on Economy nytimes.com
- Treasury Secretary Bessent defends Trump economic record in contentious hearing CNBC
- Democrats grill Scott Bessent on bond yields and energy costs qz.com
- Live: Bessent testifies before Congress as US Treasury yields hit fresh high Reuters
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