Story perspectives

Scott Bessent Blames Media Bias for Economic Misperceptions

2/5/2026

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Summary

Story summary

Scott Bessent, Treasury Secretary, told the Senate Banking Committee that liberal media distorts consumer confidence.
He said the economy’s perceived weakness misaligns with the data.
He attributed low confidence to survey biases.
He told Sen. Elizabeth Warren that the administration of U.S. President Donald Trump did not label the affordability crisis as a "hoax".
He argued the crisis stems from Democratic policies during Biden’s presidency, not solely from Trump.

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Story summary

Scott Bessent, Treasury Secretary, told the Senate Banking Committee that liberal media distorts consumer confidence.
He said the economy’s perceived weakness misaligns with the data.
He attributed low confidence to survey biases.
He told Sen. Elizabeth Warren that the administration of U.S. President Donald Trump did not label the affordability crisis as a "hoax".
He argued the crisis stems from Democratic policies during Biden’s presidency, not solely from Trump.