When it comes to Senate bloviating, Democrat Sheldon Whitehouse is among the worst of a bad company. A political party that has lost its hold on the White House and its Senate majority has been reduced to what amounts to catcalling from the sidelines as the second Trump administration forms,
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.
The fund manager will face senators at a confirmation hearing on Thursday
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."
Hedge fund executive Scott Bessent will face a Senate confirmation hearing for Treasury secretary on Thursday, which could make him the first openly gay cabinet member of a Republican administration.
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,
Scott Bessent told the Senate he saw 'no reason' for the U.S. to pursue a central bank digital currency, aligning with Trump's past comments.
Trump's Treasury pick Scott Bessent argued against a US digital dollar, saying CBDCs suit countries lacking other investment options.
Their exchange on the minimum wage shows two views of the world.
Scott Bessent, a South Carolina billionaire hedge fund manager, wasted no time getting to the crux of his confirmation hearing: the expiring Trump tax cuts. “This is the single most important economic issue of the day,” Bessent told the committee.
Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.