Political News and Conservative Analysis About Congress, the President, and the Federal Government
and other Democrats over economic policy, transparency, and access to Treasury Department systems under his leadership. But the hearing opened with an unexpected and awkward personal moment between Bessent and Waters.
Chip Roy and fiscal hawks lay out budget demands“You were much better at the Electric Slide than I was,” Bessent replied, referencing their brief shared moment at the party. “And I was with the prime minister of the Bahamas yesterday, Prime Minister Davis, who sends his regards.” The levity quickly faded. Waters pivoted to her long-standing grievances with the Treasury Department, noting she’d sent Bessent five letters without receiving meaningful replies. “That’s odd,” she said. “You’ve been at Treasury, and I only received cursory replies from your staff. Why didn’t you respond?”Waters accused Bessent of presiding over economic decline, citing a 0.3% contraction in gross domestic product during Trump’s first quarter and slamming his role in what she called “the dumbest trade war in history.” The California Democrat went on to criticize the Department of Government Efficiency, an initiative linked to Elon Musk that her party claims has compromised security by granting outside personnel access to Treasury Department systems.Scott Bessent: "They were granted read only access at Treasury … They were treasury employees… There is no such thing as a DOGE employee, they were treasury employees."Bessent defended the program, stating that individuals had “read-only” access and were Treasury Department employees.Waters was not convinced, saying, “I disagree with you based on the information I have.” The hearing saw repeated clashes. Waters accused Bessent of “opening the door” to outsiders and compromising sensitive data. Bessent explained that only two people had limited access and that both were vetted Treasury Department staff, but Waters cut him off: “You can’t filibuster here. This is not the filibuster playground.”On Tuesday, at another congressional hearing, Bessent revealed startling failures in the government’s payment system. Of the 1.5 billion annual payments processed by the Treasury Department, more than one-third lacked a treasury account symbol, the identifier that links a payment to an appropriation., noting that new rules now require every payment to include a TAS number. “Midlevel employees feel liberated — they’ve waited years to fix this.”
Maxine Waters Scott Bessent Treasury Washington D.C. House
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maxine Waters will block crypto hearing with House Republicans: reportRep. Maxine Waters, D-Calif., will reportedly block an upcoming joint hearing with House Republicans on cryptocurrency, according to Politico.
Read more »
Maxine Waters will block crypto hearing with House Republicans: reportRep. Maxine Waters, D-Calif., will reportedly block an upcoming joint hearing with House Republicans on cryptocurrency, according to Politico.
Read more »
Maxine Waters will block crypto hearing with House Republicans: reportRep. Maxine Waters, D-Calif., will reportedly block an upcoming joint hearing with House Republicans on cryptocurrency, according to Politico.
Read more »
Maxine Waters will block crypto hearing with House Republicans: reportRep. Maxine Waters, D-Calif., will reportedly block an upcoming joint hearing with House Republicans on cryptocurrency, according to Politico.
Read more »
Maxine Waters will block crypto hearing with House Republicans: reportRep. Maxine Waters, D-Calif., will reportedly block an upcoming joint hearing with House Republicans on cryptocurrency, according to Politico.
Read more »
Maxine Waters will block crypto hearing with House Republicans: reportRep. Maxine Waters, D-Calif., will reportedly block an upcoming joint hearing with House Republicans on cryptocurrency, according to Politico.
Read more »
