Treasury Secretary Loses Patience During Fiery Exchange With Elizabeth Warren on Trump Investments


Sen. Elizabeth Warren put Treasury Secretary Scott Bessent on the hot seat during a tense Senate hearing Wednesday, pressing him over allegations involving Donald Trump's stock trading activity.


Warren repeatedly challenged Bessent on congressional stock trading reforms and questioned whether the same scrutiny should apply to the president. The heated exchange quickly drew attention online as Bessent declined to directly address several of Warren's claims.



So, Secretary Bessent, you and I agree that it is a conflict of interest for members of Congress to trade stocks. Do you also agree that it’s a conflict of interest for President Trump to trade stocks?” Warren asked.



“President Trump is not sitting in the Oval Office engaging in high frequency trading strategy, clearly he had an outside manager who was doing that,” Bessent said. “I think it’s incumbent upon both houses of Congress to get their house in order before you move to the administrative branch—”


“You’re a Wall Street guy, so you know better,” Warren said. “The investments that President Trump has made are not blind.”


The Massachusetts Democrat explained that Trump had signed a 113-page document listing all of his individual stock trades, while simultaneously making policy decisions that affected those stocks. “So you’re going to sit here with a straight face and say it’s not a conflict of interest for the president of the United States to do that?” she asked.



“I am going to say this body needs to get its house in order first, I would encourage you to do that—” Bessent said.



“I don’t trade in individual stocks. I don’t own any individual stocks,” Warren said. “My house is in order, thank you Mr. Secretary.”



Warren questioned Bessent about Trump’s purchase of between $500,000 and $1 million worth of Nvidia stock one week before his administration moved to loosen export restrictions, allowing the sale of Nvidia chips to China and causing the stock price to soar. The senator asked whether the SEC should knock on Trump’s door to investigate this trade, but Bessent continued with his obstinate denials.

“Please lead by example,” Bessent said.


“I would like to see the president of the United States lead by example,” Warren said.








 

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