Inflation, Trump immunity, and Bill Pulte: Takeaways from Bessent’s testimony Treasury Secretary Scott Bessent testified before the Senate Finance Committee and House Ways and Means Committee regarding the One Big Beautiful Bill Act. Key issues discussed included rising inflation, a presidential immunity deal with the IRS, and the acting director of national intelligence’s appointment. The hearings occurred as Democrats campaign to regain control of Congress in the midterm elections.

• Treasury Secretary Scott Bessent testified before Senate and House committees.
• Topics included inflation, the Trump-IRS immunity deal, and Bill Pulte’s acting director role.
• Republicans highlighted tax cut legislation.
• Democrats are positioning for midterm elections and accused the Treasury of corruption.