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Treasury Secretary Testifies on Trump's 2027 Budget Cuts

4/22/2026

Summary

Story summary

Treasury Secretary Scott Bessent will testify before the Senate Appropriations Committee today at 10 a.m. about President Donald Trump’s 2027 budget request.
The budget proposes $11.5 billion in discretionary spending, a $1.5 billion cut from 2026.
Bessent is expected to address the financial implications of the ongoing war in Iran and United States sanctions.
Additionally, he may face inquiries about Trump’s opposition to the United Airlines and American Airlines merger.

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Story summary

Treasury Secretary Scott Bessent will testify before the Senate Appropriations Committee today at 10 a.m. about President Donald Trump’s 2027 budget request.
The budget proposes $11.5 billion in discretionary spending, a $1.5 billion cut from 2026.
Bessent is expected to address the financial implications of the ongoing war in Iran and United States sanctions.
Additionally, he may face inquiries about Trump’s opposition to the United Airlines and American Airlines merger.