Treasury chief dodges question on suing next Fed chair amid rate-cut talk

Treasury Secretary Scott Bessent declined to say publicly whether the administration would sue Kevin Warsh, Trump’s pick for Fed chair, saying it’s up to the president as the Fed’s independence and pressure for rate cuts become the backdrop of a high-profile hearing; the piece also tracks a flurry of Capitol Hill activity—from Tim Scott’s clash with Grassley and Durbin over Nazi-linked bank probes to Lindsey Graham’s bid to widen who can sue the DOJ over the Jack Smith investigation, ongoing Clinton deposition discussions, and a tense DHS funding fight that could trigger a shutdown, all amid talks of attending the Munich Security Conference and other political maneuvering.