Treasury Secretary Scott Bessent is scheduled to appear before the House Financial Services Committee on Tuesday for his annual testimony. He is expected to highlight the success of the Iran war and rising wages for low-income Americans. Bessent will likely face questions on inflation, energy prices, interest rates, and the federal debt. Oil prices have recently risen above $100 a barrel, and the 10-year Treasury note briefly touched 5.0% on Monday. The consumer price index is up 3.4% from a year ago, and the national debt has exceeded $40 trillion.