Bessent Stunned by Torres' Blistering Critique of Trump's Economy
During a recent House hearing, Treasury Secretary Scott Bessent was questioned by Rep. Ritchie Torres about the state of the economy under the Trump administration.
Torres pointed out that the real wage growth has been stagnant and the Wall Street, Main Street divide is widening. He also mentioned that the administration repeatedly blames Joe Biden for current economic pain.
When asked if Biden started the Iran war, disrupted the Strait of Hormuz, or shut down a major share of global oil and LNG exports, Bessent was stunned. The exchange came as the Iran conflict continues to drive energy and inflation concerns, intensifying scrutiny of Trump's handling of the economy.