Watch live: Lutnick testifies before Senate on Commerce Department budget

Commerce Secretary Howard Lutnick is testifying before a Senate Appropriations Committee panel on Wednesday morning regarding President Trump’s fiscal 2027 budget request for the Commerce Department. His testimony will also address the implications of the Supreme Court’s recent decision, which struck down the majority of President Trump’s emergency import taxes. This ruling directly impacts the President’s tariff agenda, which he contended would stimulate investment. The budget discussion and the fallout from the Supreme Court's decision are critical for understanding the administration's economic strategy and resource allocation for the upcoming fiscal year.