Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.
Their exchange on the minimum wage shows two views of the world.
The Treasury secretary nominee cultivated allies in Trump’s orbit who have come to see him as a brainy avatar of their vision.
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
Nominee for U.S. Treasury secretary, Scott Bessent, is expected to declare during his confirmation that Trump will usher in "a new economic golden age."
The fund manager will face senators at a confirmation hearing on Thursday
Scott Bessent, President-elect Donald Trump‘s nominee for treasury secretary, defended the Trump tax cuts during his confirmation hearing and said it is crucial for middle-class families that the cuts are extended.
Donald Trump's nominee for Treasury Secretary Scott Bessent told Sen. Ron Wyden why it is goofy to claim the U.S. is in an "arms race with China for clean energy." SCOTT BESSENT: Senator Wyden, just to frame this for everyone in the room,
The pendulum is fast moving back in favour of business as the incoming US president fills the world’s most powerful economic roles.
Republicans and Democrats were in talks to reach an agreement to allow swift confirmation of Marco Rubio as Donald Trump's secretary of state.
WASHINGTON (AP) — Senators returned to the Capitol Monday for a late-evening session pushing ahead on President Donald Trump’s Cabinet picks, with voting possible to confirm Sen. Marco Rubio as the nation’s secretary of state on Inauguration Day.