Bessent told lawmakers that President-elect Donald Trump has an opportunity to unleash 'a new economic golden age'

President-elect Donald Trump’s pick for Treasury secretary testified Thursday before the Senate Banking Committee.

Beijing will have no choice but to weaken the yuan if Trump’s pick for Treasury secretary takes an activist approach to bond issuance.

Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’

Scott Bessent wasn’t a familiar name in Republican political circles before Donald Trump nominated him to be Treasury secretary. “You know Scott Bessent?” Trump asked his guests from the stage of a reception this month at Mar-a-Lago.

Bessent spoke before the Senate Finance Committee about his economic vision for America, addressing key issues like tax policy, inflation and wealth inequality.

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.

Trump’s promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent’s confirmation hearing.

President-elect Donald Trump’s pick for Treasury secretary testifies Thursday before the Senate Banking Committee.

Treasury secretary nominee Scott Bessent defended President-elect Donald Trump’s economic strategy in a Senate hearing today. Bessent, a longtime hedge fund manager who once worked for Democratic donor George Soros,

Treasury Secretary nominee Scott Bessent sparred with the Senate Finance Committee over the future direction of fiscal policy in the Trump administration that will be trying to tackle major tax legislation.