Bessent Squares Off With Democrats at House Hearing

Also, Gensler's non-scandalous cameo in the Epstein files; House panel debates SEC accountability; CFTC formally scraps 2024 event contracts proposal

For those looking for insight into FSOC, Scott Bessent’s testimony before the House Financial Services Committee was a disappointment. But if anyone was keen to witness a schoolyard fight, the hearing delivered. Democrats scored political points attacking the Treasury chief as a sycophant of the president, while Bessent questioned their intelligence and…