Watch live: Wright testifies before House on Energy Department 2027 budget request
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The Bottom Line
Energy Secretary Chris Wright is testifying before the House on the Energy Department's 2027 budget request.
How This Affects You
Increased energy costs due to the U.S. operation in Iran and the closure of the Strait of Hormuz directly impact domestic energy expenses for consumers.
AI Summary
Energy Secretary Chris Wright is testifying before the House Appropriations Committee on Wednesday regarding the White House’s fiscal 2027 budget request for energy policies. This hearing addresses the administration's proposed spending plan amidst a period of significantly increased energy costs. The surge in energy prices is attributed to the ongoing U.S. operation in Iran, which followed the regime's closure of the Strait of Hormuz. This critical shipping channel for oil has impacted global supply and domestic energy expenses. The committee will scrutinize the budget request in light of these geopolitical and economic pressures.
What's Being Done
Energy Secretary Chris Wright is testifying before the House Appropriations Committee regarding the fiscal 2027 budget request for energy policies.
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