During a House Ways and Means Committee hearing, U.S.Treasury Secretary Scott Bessent sharply disputed remarks by rep. Linda Sanchez of California, who accused him of unprecedented corruption. Sanchez and Bessent exchanged insults as Sanchez alleged the Trump management\u2019s conduct was highly improper, while Bessent called her comments slanderous and argued there was no corruption.<\/p>\n

Afterward,Rep. Jodey Arrington criticized Sanchez for what he said was a sudden changing stance on the rule of law regarding illegal immigration. Bessent responded by rejecting the criticism and attacking the inflation figures, especially citing a high inflation rate.<\/p>\n

Bessent also drew attention from a Friday proclamation that the Treasury Department\u2019s Financial Crimes Enforcement Network would issue guidance too banks. The advisory warns banks about \u201cred flags\u201d tied to unlawful presence, including identity theft, payroll tax fraud, and money laundering schemes connected to illegal aliens, and Bessent said the administration would not allow illegal workers to exploit financial institutions<\/a> to steal money from taxpayers. <\/p>\n