Congress
Treasury pick Bessent to meet with Senate GOP leaders this week
Scott Bessent, President-elect Donald Trump’s choice to run the Treasury Department, is planning to meet with Senate Republican leaders later this week, kicking off Capitol Hill outreach as his confirmation process begins.
Bessent plans to meet with incoming Senate Majority Leader John Thune and Sen. John Barrasso, who is set to become the No. 2 Republican, according to Raj Shah, a Trump transition spokesperson. Punchbowl earlier reported the meetings.
Since winning the hard-fought battle to be Trump’s pick for the preeminent economic role, Bessent has already met separately with his home-state lawmakers, South Carolina Republican Sens. Tim Scott and Lindsey Graham.
Bessent, a hedge fund manager, has drawn praise from Republican senators and Wall Street executives, who view him as a steady steward of the economy with deep experience in financial markets. He has avoided the criticism that Trump’s other, more controversial picks for top roles in his administration have faced, including Pete Hegseth as Defense secretary, Tulsi Gabbard as director of national intelligence, and Robert F. Kennedy Jr. as HHS chief.
If confirmed, Bessent will be poised for a leading role as Republicans hash out major legislation to extend their 2017 tax cuts and debate ways to implement Trump’s campaign promises to eliminate taxes on tips, overtime and Social Security payments.
But his confirmation process could also highlight some of the fissures among Republicans over Trump’s economic ideas such as across-the-board tariffs and eroding the independence of the Federal Reserve.
Bessent has been a defender of Trump’s hawkish trade policies, calling massive tariffs a key negotiating tool. And earlier this year he pitched the concept of Trump nominating a “shadow Fed chair” to sideline Jerome Powell before his term expires in 2026, though he later said he had dropped the idea.
Democrats like Sens. Ron Wyden and Elizabeth Warren criticized Bessent’s Wall Street ties and role as a wealthy political donor, though they haven’t said they’ll vote against him.
The campaign finance arm of the American Israel Public Affairs Committee is curtailing online contributions to House Democrats who voted to cut Israel aid this week, in the latest rift between the party and the influential advocacy group.
As of Friday afternoon, an online portal for AIPAC’s political action committee removed donation buttons for more than a dozen House Democrats from a page that lists incumbents who “stand with Israel.”
The members now listed without donation buttons include Reps. Katherine Clark of Massachusetts, the No. 2 House Democrat; Joe Neguse of Colorado, another member of leadership; and Rep. Pat Ryan of New York, who renounced AIPAC money after the vote.
“AIPAC members are deeply appreciative of their representatives who stand on principle and are disappointed by those who don’t,” AIPAC spokesperson Deryn Sousa said in a statement to Blue Light News.
The move is further evidence of a major shift in AIPAC’s political relationship with House Democrats. Ahead of the midterms, several hard-left progressive candidates have toppled incumbents in primaries after hammering them for accepting AIPAC money, leaving many Democrats to conclude that ties to the pro-Israel group are politically toxic.
According to a snapshot from the Internet Archive, the donation buttons were active as recently as July 6. At that point, the portal also included praise for former Speaker Nancy Pelosi of California.
“We thank Congresswoman Pelosi for her support for the U.S.-Israel relationship,” a caption on the portal read on July 6 after noting Pelosi is not running for reelection. As of Friday, the thank you was gone — as was a thank you to Pelosi’s fellow California Democratic Rep. Julia Brownley.
Spokespeople for the House Democrats did not immediately respond to requests for comment.
On Wednesday, more than 100 House Democrats voted for an amendment to a State Department funding bill that would have cut U.S. aid to Israel, marking a massive break in the party’s once unshakable support for the Jewish state. Many of those members cited frustration with Israeli Prime Minister Benjamin Netanyahu’s handling of the war in Gaza. The amendment failed, with 98 Democrats including Minority Leader Hakeem Jeffries of New York opposing it.
Ryan posted on X Wednesday that he expected groups like AIPAC would no longer support his future campaigns and that “frankly, I don’t want their support.”
“Hardline stances that refuse to stand up to a corrupt and increasingly dangerous Netanyahu regime have no place in our politics,” he said.
A federal judge declared Friday that the Trump administration can’t cancel grants based on new rules or goals established after the fact — in a blow to its efforts to terminate billions of dollars already promised.
U.S. district judge Indira Talwani, an Obama appointee, denied the Trump administration’s request to dismiss a lawsuit brought by 20 states, three governors and the District of Columbia challenging the cancellation of billions of dollars in federal grant awards since President Donald Trump was inaugurated last year.
Federal law does not allow the “terminations of awards based on new program goals or agency priorities that an agency identifies after granting the award,” the court concluded.
The ruling comes as lawmakers in both parties, including Senate Appropriations Chair Susan Collins (R-Maine), urge White House budget director Russ Vought to delay plans to overhaul the approval process for federal grants. The Trump administration is proposing a new regulation that would put political appointee in charge of approving or mixing awards for federal dollars.
House GOP leaders released text Friday for a bill to fund the vast majority of the federal government from the start of the next fiscal year on Oct. 1 until after the midterm elections — bypassing the bipartisan appropriations process and daring Democrats to pick a shutdown fight months before voters head to the polls.
Speaker Mike Johnson said Thursday he plans to put the legislation on the floor next week.
The measure would fund the government through Dec. 4 and, as Republican leaders promised, would not include additional policy riders or unrelated provisions.
The text released Friday also does not include President Donald Trump’s top policy priority, the partisan elections overhaul and voter ID measure dubbed the SAVE America Act.
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