Watch live: Bessent testifies before Senate on Trump’s 2027 budget request (opens in new tab)

Treasury Secretary Scott Bessent is testifying before a Senate Appropriations Committee panel on President Trump’s fiscal 2027 budget request. The request, unveiled last week, seeks $11.5 billion in discretionary spending for the department’s domestic programs — a $1.5 billion decrease from 2026. The drop includes cuts to the Community Development Financial Institutions Fund and the…