Treasury Secretary Scott Bessent testified on Capitol Hill Tuesday for the first time since his confirmation in January.
Watch in the video player above.
On the table for questions were tariffs, taxes, layoffs at the IRS, Department of Government Efficiency access to IRS data, national finances and more.
Bessent said the U.S. and China "have not engaged in negotiations" but "as early as this week" the U.S. will be announcing trade deals with some of the U.S.′ largest trading partners.
Bessent also spoke about America's upcoming default date — what officials are calling the "X-date."
"Just as an outfielder running for a fly ball, we are on the warning track. When you're on the warning track, it means the wall is not that far away," he said. He added, however, that the U.S. "will not default."