WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: Committee Chair Sen. Susan Collins (R-ME) looks on during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. U.S. Treasury Secretary Scott Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Anna Moneymaker/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 22: Committee Chair Sen. Susan Collins (R-ME) speaks during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. U.S. Treasury Secretary Scott Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Anna Moneymaker/Getty Images)

WASHINGTON, DC - APRIL 22: U.S. Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Bessent testified about the Treasury Department's proposed FY2027 budget. (Photo by Chip Somodevilla/Getty Images)