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Treasury Secretary Scott Bessent engaged in a heated exchange with Democratic Senator Elizabeth Warren during a session on Capitol Hill, attributing some of the blame to her for the current affordability crisis facing millions of American families.

During a discussion about the country's economic situation, inflation, and the loss of purchasing power, Bessent defended former President Donald Trump and rejected criticism that, he said, attempts to place sole responsibility for the recent economic difficulties on his administration. Instead, he indicated that policies implemented by President Joe Biden's administration and supported by key figures in the Democratic Party, including Warren, have contributed to the decline in citizens' real income.

Addressing the senator directly, the official stated that, beyond technical differences or “nuances,” the fundamental debate revolves around the impact of those economic decisions. “Senator, there may be nuances, but when President Trump speaks of the affordability crisis, he is referring to what the media acknowledges: that it was created by this administration. It was you and President Biden who weakened the purchasing power of the American people,” he said.

Bessent insisted that the rising cost of basic goods, housing, and services has hit the middle and working classes hard, and concluded by pointing out that Warren was one of the central figures in promoting the policies that, in his view, led to this situation. “There is an affordability crisis, and you were at the heart of those decisions,” he added.