Treasury Secretary Scott Bessent testified before the House Financial Services Committee on the state of the international financial system. He answered questions from members of Congress on a variety of topics relating to the International Monetary Fund, President Trump's tariff policies, trade negotiations and other economic matters. Mr. Bessent engaged in lively exchanges with Democratic members over differences in assessments about the effect President Trump's "big, beautiful bill" will have on the national debt and deficit, as well as potential tariff exemptions for baby products.