00:00Americans and small businesses feel the pain of your reckless economic policies.
00:04They're paying sky-high prices for beef, gas, electronics, and really everything on and around the kitchen table.
00:11With the administration's chaotic tariffs, reckless war in Iran, and other unsound policies,
00:18the average American is paying $3,500 more than they otherwise would be for groceries, gas, energy, and healthcare.
00:28And that was the number before President Trump started an unnecessary trade war with our neighbors and allies in Canada.
00:37Now, thanks to retaliation on wood and lumber, even the kitchen table itself is unaffordable.
00:44Yet, Trump is not concerned about all of this.
00:46The president has said repeatedly that there is no affordability crisis, that it's a hoax.
00:52He has said that he literally does not care that Americans are paying more for gas and diesel caused by
00:59his war of choice with Iran.
01:00For your part, you launched a so-called economic D-Day against Iran, but markets barely blinked.
01:07Crude oil prices continue to increase, and you have dismissed the effects on American households and businesses.
01:15While middle and lower-income Americans feel the painful effects of the K-shaped economy, you claim that neither it
01:23nor the economic difficulties exist.
01:26So, Secretary Besson, you have dared the markets to bet against you, claiming that, quote, I am the house now,
01:33quote, unquote.
01:34So, despite your feeble efforts, there continues to be a sell-off of U.S. Treasuries, with 30-year Treasury
01:43yields rising to levels that have not been seen since 2007.
01:47Just yesterday, in fact, the 10-year Treasury hit 5%.
01:53Mr. Secretary, do you agree that these high Treasury yields or interest rates on Americans' bonds means that loans paid
02:00by families to fix a roof or buy a car will also be expensive?
02:06Yes or no?
02:09The U.S. bond market has been the best-performing major bond market in the world.
02:14Yes or no, Mr. Secretary, reclaiming my time, reclaiming my time, reclaiming my time, reclaiming my time, reclaiming my time.
02:25You keep talking, I'll keep reclaiming my time.
02:28And I'm asking you, Mr. Secretary, turn it to your trade policy.
02:32If tariffs are not inflationary, as you claimed in your previous testimony, then why has inflation increased by more than
02:403% over the past year?
02:42Do you deny that inflation is too high at 3%?
02:47Yes or no?
02:48The Representative Waters, you're not making sense.
02:52Yes or no, Mr. Secretary, reclaiming my time, reclaiming my time, reclaiming my time, reclaiming my time, reclaiming my time,
03:03reclaiming my time, reclaiming my time, I didn't hear you, Mr. Hill.
03:05What did you say?
03:06I said it's the gentlelady's time.
03:08Does the time belong to the gentlelady?
03:09Indeed.
03:10Indeed it does.
03:11And so, that's not good enough, sir.
03:14You and President Trump, the so-called conservatives, you have overseen an increase in the debt to a record $40
03:21trillion.
03:23$40 trillion.
03:24You have promised reduced deficit, but delivered only higher numbers and paying for American households.
03:30And this is so outrageous when you and others have claimed to be about getting rid of the deficit.
03:38That's, uh, theptal efficiency.
03:38That's the right time.
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