Scott Bessent, Donald Trump’s nominee for treasury secretary, made it clear during his confirmation hearing Thursday that he’s only interested in protecting the interests of the rich and powerful. The hedge fund manager with a net worth of at least $500 million repeatedly spiked down questions about whether he would support working-class priorities.
Here are five key things investors need to know to start the trading day: Buoyed by a cooler-than-expected CPI report and a slew of blowout bank earnings, all three major averages surged Wednesday for their best day since Nov.
Here's what to know about the Treasury secretary pick Bessent, who heads into his confirmation hearing and may become the first Senate-approved LGBTQ+ member in a Republican cabinet.
Donald Trump's nominee for Treasury Secretary, Scott Bessent, says he will "get back to" Senator Ben Ray Luján when asked at his Senate confirmation hearing if he would suggest cuts to Medicaid. Vile. pic.twitter.com/EM6Nx5L0XD
President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent, said he "100%" supports raising sanctions on Russian oil producers if the future president requests doing so.
Bessent spoke before the Senate Finance Committee about his economic vision for America, addressing key issues like tax policy, inflation and wealth inequality.
The fund manager will face senators at a confirmation hearing on Thursday
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.
US President-elect Donald Trump's nominee for Treasury Secretary Scott Bessent was asked who would pay the proposed tariffs. Bessent also hit back on the clean energy race, saying China will not comply.
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When asked if he or U.S. President-elect Donald Trump gets to take credit for the Gaza ceasefire deal, President Joe Biden responded, "Is that a joke?" Biden on Wednesday (January 15) said that Israel and Hamas have reached a ceasefire and hostage deal that will end the fighting in Gaza and surge humanitarian aid to Palestinian civilians.