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Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on…

Warsh under pressure as Fed weighs rate hike

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Warsh under pressure as Fed weighs rate hike Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash…

Thursday, October 15, 2026

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