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Dem lashes out at Bessent during heated committee hearing exchange: 'Excuse me'

Dem lashes out at Bessent during heated committee hearing exchange: 'Excuse me'

Yahoo12-06-2025
Del. Stacey Plaskett, D-Virgin Islands, lashed out at Treasury Secretary Scott Bessent during a tense House Ways and Means Committee hearing on Wednesday.
"Ma'am, that's incorrect," Bessent said in a response to a chart displayed by Plaskett, which was referencing the cost of living, but the chart only went until February of this year.
"Excuse me. Let me get something straight with you first here. I've seen you interrupt everyone. When you come to someone's house, you respect their rules. And in this house, we don't interrupt individuals. And you're not going to interrupt my time," Plaskett said.
"I'm going to give you time to respond. You may want to jot down some notes about things you don't agree with me on so you can respond to them at that time. But while I'm speaking, as the person holding this time, you will refrain from speaking, sir, until I'm done, until I'm done, then I will give you time to speak, OK?" she continued.
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"I look forward to facts," Bessent replied.
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"Thank you. I'll look forward to your response whether they're factual or incorrect either," Plaskett replied.
Later on, Rep. Nathaniel Moran, R-Texas, asked Bessent, "Where did [Plaskett] go wrong in her statement?"
"Well, first of all, I would fire the staffer who did that chart, because it stopped in February 2025 and prices are down substantially since then. But that's an inconvenient truth. Secondly, the S&P, if the congresswoman would care to check Bloomberg. The stock market is judged by the S&P, which is the most widely held index by American 401ks is up on the air, up," Bessent said.
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When Plaskett attempts to interject, Moran says, "Excuse me, ma'am, it's my time."
"And we don't interrupt, excuse me, we don't interrupt is what I learned," Bessent clapped back. "Since Jan. 1, it is my business for 40 years to know what the stock market does, and it is up in the air."
After the hearing, Plaskett received a range of criticism, including a remark from an X user saying, "Do all these twats have their PMS cycle synced? Someone needs to ship a case of Midol to the Capitol this afternoon."
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Plaskett replied to the user's response with an explicit comment.
"Excuse you!! This twat, [c--t], pum pum whatever you want to call it represents an organ that gives LIFE and is resilienr [sic] so thanks for the compliment. I can take one interruption but Bessent was out of control. And…. I know I look good for my age but baby I'm post menopausal and it still works," she replied, with emojis of cherries and a drop of water.
The primary focus of the committee hearing was on trade and tax policies, both of which have sparked serious debate as Congress works through the reconciliation bill, and as the administration negotiates trade deals with other nations. As for Bessent, he'll be on Capitol Hill again on Thursday testifying before the Senate Finance Committee.Original article source: Dem lashes out at Bessent during heated committee hearing exchange: 'Excuse me'
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Dollar Falls on Weaker US Consumer Sentiment
Dollar Falls on Weaker US Consumer Sentiment

Yahoo

time18 minutes ago

  • Yahoo

Dollar Falls on Weaker US Consumer Sentiment

The dollar index (DXY00) on Friday fell by -0.41%, undercut by Friday's weaker-than-expected US consumer sentiment report. The dollar also suffered from underlying foreign investor concern about the possibility of a politically-driven US monetary policy after US Treasury Secretary Bessent on Wednesday appeared to give the Fed marching orders on how much to cut interest rates. The dollar fell on Friday despite a +4 bp rise in the 10-year T-note yield, which supported the dollar's interest rate differentials. The markets on Friday were awaiting the outcome of the Trump-Putin summit on Friday afternoon. The outcome could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security. More News from Barchart Dollar Sees Support from Strong US PPI Report Dollar Sees Support from Strong US PPI Report Dollar Undercut by Decline in US Consumer Sentiment Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Friday's headline US retail sales report was slightly weaker than market expectations, but there was an upward revision for June, leaving the report roughly neutral for the markets. The markets welcomed the report amidst worries about how US retail spending will hold up with a weaker labor market and consumer uncertainty about inflation and the economic outlook. July US retail sales rose +0.5% m/m, slightly weaker than market expectations of +0.6%, although June was revised higher to +0.9% from +0.6%. July retail sales ex-autos rose +0.3% m/m, in line with market expectations and down from June's revised +0.8% (preliminary +0.5%). The University of Michigan's preliminary-Aug US consumer sentiment index fell by -3.1 points to 58.6, which was weaker than expectations for a slight +0.3 point increase to 62.0. 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Chicago Fed President Austan Goolsbee on Friday delivered mildly hawkish remarks, stating that he would like to see at least one more inflation report to ensure that persistent inflation pressures aren't emerging. He expressed concern about the high service inflation data in the July CPI report, but noted the importance of not placing too much weight on a single month's data. The markets on Friday continued to adjust to the inflation outlook following Thursday's hawkish PPI report. The July final-demand PPI surged to +3.3% y/y (nominal) and +3.7% y/y (core). The PPI report suggested that the markets were overly optimistic about Tuesday's CPI report and that companies are passing through tariffs at the wholesale level at a higher pace than earlier thought. Following the report, the markets erased any hopes of a -50 bp rate cut at the Fed's September meeting and pulled back expectations for a -25 bp rate cut to the 93% area from 100% before the report. Weak Chinese economic reports on Thursday night were negative for the global economic growth outlook. China's economy is weakening due to US tariffs and the Chinese government's attempt to crack down on excessive competition that has driven prices to loss-making levels in some industries. China's July retail sales report of +3.7% y/y was weaker than expectations of +4.6% and down from June's +4.8%. China's July industrial production report of +5.7% y/y was weaker than expectations of +6.0% and was down from June's +6.8%. China's July jobless rate rose to 5.2% from June's +5.0% and was higher than expectations. China's July property investment fell -12.0% ytd y/y from -11.2% in June and was weaker than expectations of -11.4%. Regarding tariffs, President Trump on Friday said, "I'll be setting tariffs next week and the week after on steel and on, I would say chips – chips and semiconductors, we'll be setting sometime next week, week after." 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Trump, Putin meet in Alaska
Trump, Putin meet in Alaska

The Hill

time19 minutes ago

  • The Hill

Trump, Putin meet in Alaska

President Trump made new demands for peace between Russia and Ukraine as he touched down in Alaska at 2:20 p.m. Eastern on Friday for a historic summit with Russian President Vladimir Putin. Speaking to reporters on Air Force One, Trump said he's prepared to walk away from the negotiating table if he doesn't believe Putin is open to a deal that would end the three-year war. 'I think it's going to work out very well — and if it doesn't, I'm going to head back home real fast,' Trump told Fox News anchor Bret Baier aboard Air Force One. 'If it doesn't, you walk?' Baier asked. 'I would walk, yeah,' Trump said The president also drew a red line with Putin, who brought along several businesspeople on the trip. 'They're not doing business until the war is settled,' Trump said. And Trump put European leaders at ease, announcing that he has no intention of discussing potential concessions on Ukraine's behalf. 'I'm not here to negotiate for Ukraine,' Trump said. Over the course of the trip from Washington to Anchorage, the previously planned one-on-one meeting between Trump and Putin expanded and will now be a three-on-three meeting. Trump will be joined by Secretary of State Marco Rubio and special envoy Steve Witkoff. Trump arrived with a big crew that includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, CIA Director John Ratcliffe, chief of staff Susie Wiles, press secretary Karoline Leavitt, and others. Putin's plane landed a half-hour after Trump's. The Russian president endeavored on his own side quests while making the trip from Moscow to Anchorage. Putin participated in a wreath-laying ceremony in Eastern Russia at a monument dedicated to Soviet and American pilots who cooperated during World War II. He also met with local hockey players. Trump and Putin deplaned at 3:08 p.m. Eastern time. They walked down the red carpets between fighter jets to shake hands. Trump arrived first, clapping as Putin approached. The leaders exchanged greetings, then walked to a riser, as a military fly-over was conducted overhead. They shook hands again and stepped off the riser. They rode together in the Beast — the presidential limo — to the summit location. A Kremlin spokesman said the summit, which will include an expanded bilateral meeting with additional Russian and American officials, could last six to seven hours. Trump and Putin are expected to conduct a press conference afterwards. BACK IN KYIV… Ukrainian President Volodymyr Zelensky is the odd man out on Friday, having not been invited to the bilateral summit. Trump has said he hopes a trilateral meeting between himself, Putin and Zelensky will come together quickly after Friday's meeting. Back in Kyiv, Zelensky told a small group of reporters, including NewsNation's Robert Sherman, that the summit will benefit Putin more than anyone, arguing that the Russian leader will be bolstered at home for appearing on equal footing with the U.S. president. 'What [Putin] is seeking frankly, is photographs,' Zelensky said. 'He needs a photo from a meeting with President Trump.' 'First, he will be meeting on U.S. soil, which I believe is his personal victory,' Zelensky added. 'Second, he is coming out of isolation … third, with this meeting, he has somehow postponed the sanctions policy. President Trump has serious sanctions. We will see what happens next.' Ukraine on Thursday launched drone attacks on cities in southern Russia, killing one person and injuring at least 16 more. Rep. Marjorie Taylor Greene (R-Ga.) accused Zelensky of seeking to 'sabotage' the peace talks with the military offensive. 'Zelensky doesn't want peace and obviously is trying to sabotage President Trump's heroic efforts to end the war in Ukraine,' Greene posted on X. Russian forces have been carrying out their own airstrikes across Ukraine's eastern and southern regions. 'There is not only no order but also no signals from Moscow about preparing to end this war,' Zelensky said. 'On the day of negotiations, they are also killing. And that says a lot.' • A federal appeals court panel overturned a judge's block on the Trump administration's dismantling of the Consumer Financial Protection Bureau, paving the way for mass layoffs to resume. Office of Personnel Management Director Scott Kupor says that by the end of 2025, the Trump administration will have shed around 300,000 workers. • Trump says he's open to following through on former President Biden 's push to reschedule marijuana, a move that comes up short of legalization but would still provide a major boost for the cannabis industry. • PBS is cutting its budget by more than 20 percent after Congress eliminated roughly $500 million in federal funding from public TV and radio. • U.S. District Judge Stephanie Gallagher blocked two memos issued by the Trump administration that threatened schools with funding cuts for diversity, equity and inclusion programs. 💡 Perspectives: • The Hill: The meeting in Alaska is already a success for Vladimir Putin. • New York Times: Putin should be careful what he wishes for. • CNN: How Trump and Putin's relationship has evolved. • Washington Post: How Putin will seek to sway Trump at Alaska summit. • The Telegraph: The most dangerous moment of the war for Zelensky. Read more: • GOP momentum for Ukraine aid package grows. • 5 questions ahead of the Trump-Putin meeting in Alaska. • What do Putin, Trump and Zelensky want from Alaska summit? CATCH UP QUICK Retail sales rose a solid 0.5 percent last month and June spending was stronger than expected, according to a new Commerce Department report. Health and Human Services Secretary Robert F. Kennedy Jr said on Friday that he is not running for president in 2028, denying speculation amid attacks from right-wing activist Laura Loomer. NEWS THIS AFTERNOON Texas redistricting showdown nears the end Texas House Speaker Dustin Burrows (R) gaveled in the start of a second special session Friday afternoon, saying he expected there to be enough lawmakers present Monday for the GOP to vote on its new gerrymandered maps. 'I have been told, and I expect that we will reestablish quorum on Monday,' Burrows said. 'Although I have not seen any public statements directly from those who are not here, that seems to be what people have the expectation of.' Texas Democrats fled the state almost two weeks ago to deny a quorum and delay a vote on the new maps, which could help Republicans win an additional five House seats in next year's midterm elections. However, the missing Democrats signaled they're ready to return if a second special session is called and if California moves ahead with its own redistricting efforts. The first Texas special session ended Friday, and Texas Gov. Greg Abbott (R) immediately gaveled in a second special session. The missing Democrats are being fined $500 a day, and Abbott has promised to keep calling new special sessions until enough Democrats return to the state to allow for a vote on the new maps. California Gov. Gavin Newsom (D) this week launched his own campaign to redraw the Golden State's maps, satisfying the second demand from Texas Democrats. At least one Texas Democrat that fled the state announced she'd return for the new special session. 'I am proud of what we accomplished,' state Rep. Ann Johnson (D) said in a statement. 'We ended a session that had nothing to do with helping Texans and everything to do with silencing them. And we exposed the truth behind the Governor's political agenda: to hijack the maps, erase opposition, and decide the next election before a single vote is cast. Now, with that session behind us, I'm returning to Texas to continue the fight — from the floor of the House.' MEANWHILE… California legislators are expected to release their proposed gerrymandered maps soon to counter the Texas GOP's moves. Still, a poll released this week indicates Newsom has his work cut out for him to sell voters on the idea of circumventing the independent redistricting commission, which at the moment has sole authority to draw the state's maps. 'Trump's election rigging comes to an end now,' Newsom posted on X. 'California won't stand by and watch Trump burn it all down — we are calling a special election to redraw our Congressional maps and defend fair representation. This is a five alarm fire for Democracy. Vote YES November 4.' Former California Gov. Arnold Schwarzenegger (R) has been a vocal opponent of California's redistricting efforts, teasing a fight with Newsom over social media Friday. 'I'm getting ready for the gerrymandering battle,' Schwarzenegger wrote above a photo of him lifting weights. Republicans in Florida, Ohio and Indiana are also eyeing potential mid-decade redistricting efforts. The Hill's Mike Lillis and Caroline Vakil report that California's move is putting pressure on other blue states to follow suit. 'The Democrats don't want to stop [with California], pressing party leaders in Illinois, New York and even Maryland to take a page from Newsom's playbook to help the party flip control of the House — and establish a check on President Trump — in next year's elections.' 💡 Perspectives: • American Prospect: Newsom's defining moment for the party. • The Hill: DeSantis is diminished as 2028 GOP nominee. • The Liberal Patriot: Why populism could dominate both parties. • Whole Hog Politics: Checking in on Election Day 2025. ON TAP IN OTHER NEWS DC attorney general sues Trump over police takeover Washington, D.C., Attorney General Brian Schwalb (D) sued President Trump on Friday, seeking to end the federal takeover of the District's Metropolitan Police Department (MPD). The 33-page lawsuit alleges that Trump exceeded his emergency authorities by appointing Drug Enforcement Agency (DEA) Administrator Terry Cole as temporary police commissioner. The lawsuit seeks to reinstall Mayor Muriel Bowser (D) and Police Chief Pamela Smith at the head of the MPD. 'There is no greater risk to public safety in a large, professional police force like MPD than to not know who is in command,' the lawsuit reads. The federal takeover of the MPD can only last for 30 days, at which point Congress would have to vote to authorize an extension. In addition to taking over the MPD, Trump dispatched more than 800 National Guard troops to join agents from other federal departments in patrolling the nation's capital to crack down on crime. FBI Director Kash Patel said Friday that federal authorities made 18 additional arrests Thursday night. 'We're now over 120 arrests since President Trump's initiative began,' Patel said. 'The good cops are getting the job done.' The raids are also targeting homeless encampments, clearing them off of federal property. In addition, Attorney General Pam Bondi ordered the end to a number of Washington, D.C., policing policies on immigration, declaring 'DC's sanctuary policies no longer apply.' Bondi said the MPD would begin cooperating with federal authorities on immigration matters, although the local police force will not be allowed to make arrests based solely on a person's immigration status. Trump's border czar Tom Homan said the administration is not asking MPD officers to directly enforce immigration laws, which are the responsibility of Immigration and Customs Enforcement (ICE) officers. 'Law enforcement needs to work with law enforcement,' Homan told NewsNation, The Hill's sister network. 'We're not asking Metro PD to be immigration officers, but when you're enforcing criminal law and when you find an illegal alien not only in violation of immigration law here illegally but involved with criminal activity, they absolutely should call us. Separately, Bondi said she sent letters to 32 mayors and governors of sanctuary cities, warning them 'we're going to come after you' if they don't comply with 'our federal policies and with our federal law enforcement.' 'They have, I think, a week to respond to me, so let's see who responds and how they respond,' Bondi told a Fox News reporter. Federal agents have been met by protests and hecklers in Washington, which is one of the most heavily concentrated regions of Democratic voters in the country. 'Donald Trump wants to impose police ice checkpoints all over D.C., and the freedom-loving people of Washington are not going to put up with that,' Rep. Jamie Raskin (D-Md.) said on MSNBC's 'All In.' 'The whole thing is absurd, and he wants to use it as the basis for taking these police state tactics across the country and the people of America,' Raskin added. 'The majority is not going to stand for it.' Bowser, the Democratic mayor, was briefly under fire Thursday when it was revealed she'd left town for Martha's Vineyard. Bowser explained over social media that she was picking her 7-year old daughter up from camp, saying she'd return Friday. The mayor said she canceled a previously scheduled family vacation 'to lead our city's crisis management efforts.' 'I am in constant contact with my senior team and have been in constant consultation with our partners throughout a short swing out of the District,' Bowser said. 💡 Perspectives: • MSNBC: Trump exerts control over Kennedy Center Honors. • City Journal: Trump is right to send National Guard to Washington. • The Nation: Mamdani's victory over fear. • UnHerd: DC and LA failures play into Trump's hands. • Racket: Russiagate releases lift veil on surveillance state abuses. Read more: • National Guard ramps up DC presence amid signs of tension. • Democrats introduce bill to block Trump DC police takeover. • GOP relishes forcing Dem votes on extending Trump DC police power. • Judge temporarily blocks Medicaid data sharing with ICE officials.

Mary Trump Warns Uncle's Latest Moves Pose 'Unique Threat' to US Future
Mary Trump Warns Uncle's Latest Moves Pose 'Unique Threat' to US Future

Newsweek

time20 minutes ago

  • Newsweek

Mary Trump Warns Uncle's Latest Moves Pose 'Unique Threat' to US Future

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Mary Trump, the estranged niece of President Donald Trump, warned this week that his approach to federal cultural institutions poses a "unique threat" to the future of the United States. Newsweek reached out to the White House for comment via email. Why It Matters Trump this week launched a review of some Smithsonian Institution museums in Washington, D.C., to "ensure alignment with the President's directive to celebrate American exceptionalism, remove divisive or partisan narratives, and restore confidence in our shared cultural institutions." It follows an executive order titled "Restoring Truth and Sanity to American History" signed in March that would eliminate "improper ideology" across the Smithsonian. Critics have said the order could break the independence of these museums from partisan interests. What To Know Mary Trump, who has remained a vocal critic of her uncle's policies, raised alarms about the move in a new Substack post published on Thursday. "It is part of an overarching plan," she wrote. "But this one, I think, carries a unique threat to our futures as an advanced country that cares about such things. We also need to remind people that the arts are the most important mirror of—and way into understanding—a society and a culture." She questioned whether this is "just another assault on expertise" like others waged on the scientific and medical communities, saying it is "not an isolated incident," while adding that she believes the Trump administration aims to transform the Smithsonian museums "into agencies of propaganda." Mary Trump attends the Hay Festival in Hay-on-Wye, Wales, on May 26. Mary Trump attends the Hay Festival in Hay-on-Wye, Wales, on May 26."The idea that anybody—including Donald—thinks that he, of all people, has any business going anywhere near our cultural institutions, that he of all people has the right to interfere in our ability to learn about ourselves and other people, is quite frankly grotesque to me," she wrote. The White House, in a letter to Smithsonian Institution Secretary Lonnie Bunch, wrote that the review would be "rooted in respect for the Smithsonian's vital mission and its extraordinary contributions." The review would focus on public-facing content, curatorial process, exhibition planning, collection use and narrative standards, according to the letter. Initially, the review will focus on the National Museum of American History; National Museum of Natural History; National Museum of African American History and Culture; National Museum of the American Indian; National Air and Space Museum; Smithsonian American Art Museum; National Portrait Gallery; and the Hirshhorn Museum and Sculpture Garden. "Our goal is not to interfere with the day-to-day operations of curators or staff, but rather to support a broader vision of excellence that highlights historically accurate, uplifting, and inclusive portrayals of America's heritage," the letter reads. What People Are Saying The White House wrote in a letter to Bunch: "We view this process as a collaborative and forward-looking opportunity—one that empowers museum staff to embrace a revitalized curatorial vision rooted in the strength, breadth, and achievements of the American story. By focusing on Americanism—the people, principles, and progress that define our nation—we can work together to renew the Smithsonian's role as the world's leading museum institution." Stephen Miller, White House deputy chief of staff, wrote in a post to X: "The Smithsonian is supposed to be a global symbol of American strength, culture and prestige. A place for families and children to celebrate American history and greatness. Instead, the exhibits have clearly been taken over by leftwing activists who have used the Smithsonian as yet one platform to endlessly bash America and rewrite / erase our magnificent story. These activists have obscenely defaced this beloved institution. The Trump Administration will proudly and diligently restore the patriotic glory of America and ensure the Smithsonian is a place that once more inspires love and devotion to this nation, especially among our youngest citizens." Minnesota Governor Tim Walz wrote to X: "If you're trying to erase history, you're on the wrong side of it." U.S. Representative Ayanna Pressley of Massachusetts wrote in a statement: "It is the impartial role and responsibility of the Smithsonian museums to ensure a full, accurate, and resonant telling of American history – and Trump has no right to censor our history, ignore the systemic oppression of marginalized people, and attack our intellectual freedom. Much like his disgraceful rollbacks of diversity, equity, and inclusion programs and his campaign to ban books, this action is yet another attempt to whitewash our shared history and replace the challenges and triumphs of women, people of color, and Native Americans with false narratives forged with white supremacist ideology." What Happens Next The White House's letter includes an implementation timeline. Within 120 days, the museums should "begin implementing content corrections where necessary, replacing divisive or ideologically driven language with unifying, historically accurate, and constructive descriptions across placards, wall didactics, digital displays, and other public-facing materials."

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