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Kevin Warsh won the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve. Mike McKee reports on "Bloomberg Open Interest."

Treasury Secretary Scott Bessent says that many Persian Gulf allies along with a number of Asian nations have requested foreign exchange swap lines with the US. He speaks during testimony before the Senate Appropriations Subcommittee on President Donald Trump's 2027 budget request.

US Senator Elizabeth Warren, a Massachusetts Democrat, says Republicans need to "grow a backbone" and stand up to President Donald Trump regarding the war in Iran. Speaking on "Balance of Power: Evening Edition," Senator Warren also discusses Federal Reserve Chair Nominee Kevin Warsh's testimony before the Senate Banking Committee.

"Absolutely not," Federal Reserve Chair Nominee Kevin Warsh says while responding to a question from Senator John Kennedy of Louisiana about whether he would be a "sock puppet" for President Donald Trump during testimony before the Senate Banking Committee. Warsh also says President Trump has not asked him to commit to any rate decision.

US Senator Elizabeth Warren, a Massachusetts Democrat, accuses Federal Reserve Chair Nominee Kevin Warsh of being President Donald Trump's "sock puppet" and questions him about his undisclosed assets during testimony before the Senate Banking Committee. Warsh vows to sell his assets before taking the oath of office.

Virginia Governor Abigail Spanberger delivers the Democratic Party's response to President Donald Trump's State of the Union address to a joint session of Congress.