Treasury Secretary Bessent admits past fight with FHFA chief

Treasury Secretary Scott Bessent confirmed a past confrontation with a fellow official during a Senate hearing Wednesday, an exchange that highlighted broader political tensions surrounding a recent high-level appointment. Bessent acknowledged he told Bill Pulte, the director of the Federal Housing Finance Agency, that he would "kick his ass" during a private dinner in the summer of 2025.

The admission came in response to questioning from Senator Thom Tillis, a Republican from North Carolina, who referenced earlier reports of the altercation. Bessent downplayed the incident, comparing it to a sports team squabbling in a locker room before uniting on the field. He added that he had since spoken with Pulte and the two were on good terms.

The hearing occurred just days after President Donald Trump announced Pulte would become the acting Director of National Intelligence, following the resignation of current director Tulsi Gabbard. Gabbard stated she is stepping down to support her husband during his treatment for a rare form of bone cancer. Pulte will retain his roles overseeing the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac while serving in the acting intelligence...