Watch live: Bessent faces House questions on economy

Treasury Secretary Scott Bessent will testify Tuesday before the House Financial Services Committee on the state of the U.S. financial system, as President Trump’s economic agenda faces scrutiny amid the Iran war and tariff battles.

Trump’s latest trade war with Canada , the 10-year Treasury bond yield and federal deficit, affordability concerns as the midterms inch closer and rising energy prices tied to the closure of the Strait of Hormuz are likely to come up in the hearing.

Bessent has defended the president’s moves, particularly in the Middle East. The Trump administration also threatened to issue new sanctions on nations that continue to support Iran in the ongoing conflict.

The event is scheduled to begin at 10 a.m. EDT.