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President Donald Trump speaks in the Oval Office of the White House, Wednesday, June 3, 2026, in Washington.

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The Latest: Scott Bessent testifies before the House on Treasury Department priorities

The Latest: Scott Bessent testifies before the House on Treasury Department priorities

Treasury Secretary Scott Bessent is back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies. Meanwhile, a person familiar with the matter said Thursday that former Trump administration national security adviser John Bolton has agreed to plead guilty to a single count of retaining classified information under a deal with the Justice Department that could allow him to avoid prison time.