Name: Bessent: Trump Admin to Cut Regulations to Boost Middle Class
Uploaded: 2026-02-05T18:56:36.000Z
Description: Treasury Secretary Scott Bessent testified before a fiery House Financial Services committee hearing on Wednesday, saying the Trump administration aims to cut regulations on small banks to make it easier for homebuyers, small businesses, and farmers to get loans.

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Treasury Secretary Scott Bessent testified before a fiery House Financial Services committee hearing on Wednesday, saying the Trump administration aims to cut regulations on small banks to make it easier for homebuyers, small businesses, and farmers to get loans. It’s part of his annual report on the Financial Stability Oversight Council, which he’s presenting to both chambers of Congress this week.

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