WATCH: Trump Reacts to Pelosi’s New Investigative Committee “It’s witch hunt after witch hunt”

Speaking to reporters Thursday, President Trump reacted to Pelosi’s announcement of a new investigative committee to investigate the coronavirus response.

President Trump:

This is not the time for politics. Endless, partisan investigations, here we go again…It’s witch hunt after witch hunt after witch hunt. And in the end it’s people doing the witch hunt who are losing and they’re losing by a lot.

Fox News reports House Speaker Nancy Pelosi announced Thursday she’s creating a new House committee to oversee the coronavirus response that will have subpoena power to seek information from the Trump administration.

“It would have subpoena power that’s for sure. It’s no use having a committee unless you have subpoena power,” Pelosi, D-Calif., said Thursday during a teleconference call with reporters. “And we would hope that there would be cooperation because this is not a kind of an investigation of the administration it’s about the whole [response].”

Rep. James Clyburn, D-S.C., will chair the House Select Committee on the Coronavirus Crisis. The committee will be bipartisan, she said, with Democrats and GOP members appointed.

Unlike the 9/11-style after-action committee to investigate missteps in the coronavirus response that Rep. Adam Schiff and others have proposed, Pelosi said this committee is designed to address the “here and now” — specifically concerning the allocation of the historic amount of federal funds directed to economic recovery.

Per Breitbart, in addition to probing the Trump administration’s response efforts, the panel will review the management of the $2 trillion economic relief package, which is aimed at easing the financial strain caused by the outbreak. As part of the package, the government has set up a $500 billion corporate liquidity fund and will provide $377 billion in small business aide.

The committee will “examine all aspects of the federal response to the coronavirus and ensure the taxpayer’s dollars are being wisely and efficiently spent,” the speaker told reporters on a conference call.

“The panel will root out waste, fraud, and abuse; it will protect against price-gauging, profiteering, and political favoritism,” the speaker continued. “We need transparency and accountability.”

“Where there’s money there’s also frequently mischief,” she added.