Trade Negotiations and Debt Limit: Takeaways From Bessent’s Testimony to Congress

Trump’s economic agenda ‘is bearing fruit,’ says Treasury Secretary Scott Bessent.

Treasury Secretary Scott Bessent testifies before the House Appropriations Committee in the Rayburn House Office Building in Washington on May 6, 2025. Kayla Bartkowski/Getty Images

Treasury Secretary Scott Bessent appeared before the House Appropriations Committee on May 6, talking to lawmakers about a wide range of issues, from tariffs to the debt ceiling.

Bessent touted President Donald Trump’s economic agenda of deregulation, tax cuts, and trade changes.