The Aporia
On Tuesday morning, House Democrats will question Treasury Secretary Scott Bessent at a Financial Services Committee hearing about rising costs affecting Americans. According to an internal memo obtained by Semafor, Democrats plan to highlight issues such as inflation, tariffs, bond yields, and tensions with Iran that are contributing to higher expenses for the public. The committee may probe into Bessent's recent assertion of power within Treasury while also questioning his mentor Stanley Druckenmiller's doubts about aggressive debt buybacks, which could complicate the Federal Reserve’s monetary policy efforts. Additionally, Democrats aim to gather details on Treasury strategies regarding Iran's shadow fleet and auditing Venezuelan oil revenues to curb financial mismanagement by those regimes.