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Scott Bessent defends Treasury intervention, Trump economy in contentious House hearing

CNBC — Real Estate cnbc.com

Summary

Bessent defended the administration's Treasury-market intervention, economic record and AI policy while lawmakers tried to pin him down on borrowing and energy.

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Homeowners are sitting on record equity – and not using it

U.S. homeowners have more housing wealth than ever before, thanks to fast-rising home prices over the last several years. But they aren't spending much of it.