Bessent Defends Trump policies says EU sanctions on Russia have failed during heated hearing

U.S. Treasury Secretary Scott Bessent defended the Trump administration's economic and foreign policy agenda during a heated House Ways and Means Committee hearing. Bessent argued that the United States has been tougher on Russia than Europe and claimed that multiple EU sanctions packages have failed to achieve their objectives. He also defended sanctions waivers on Russian oil, saying they helped stabilize global energy markets. The hearing featured sharp exchanges with Democratic lawmakers over inflation, the economy, Russia policy and allegations of corruption within the Treasury Department.