Editor Daily Rundown: Trump’s Treasury Pick Shoots Down Question On ‘Clean Energy’ Race With China
- Treasury Secretary nominee Scott Bessent disputed Senator Ron Wyden's claim of a clean energy arms race with China, stating that China will build 100 new coal plants this year.
- Wyden expressed concern about Bessent's opposition to the Inflation Reduction Act, which he called the most significant climate change law ever.
- Bessent noted that the Inflation Reduction Act is 'wildly out of control' in terms of spending, according to the Congressional Budget Office.
- Wyden insisted that the U.S. Is in an arms race with China regarding clean energy, which Bessent denied, stating 'there is not a clean energy race, there is an energy race.
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