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."

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.

U.S. Treasury nominee Scott Bessent plans to say Thursday during his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age." According to prepared testimony given to The Associated Press,

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 said passing new tax legislation is a huge economic concern for the country, including for working- and middle-class families.

Trump's Treasury pick Scott Bessent argued against a US digital dollar, saying CBDCs suit countries lacking other investment options.

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

Maggie Hassan Presses Scott Bessent About Trump’s Proposed Tariffs And Sanctions During Thursday’s Senate Finance Committee, Sen. Maggie Hassan (D-NH) questioned Trump’s Treasury Secretary Nominee Scott Bessent about President-elect Donald Trump's proposed tariffs and sanctions.

At a Senate Finance Committee hearing on6, 2025, Senator Elizabeth Warren questioned Treasury Secretary nominee Scott Bessent on critical issues, including eliminating the debt limit and ensuring tax fairness.

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.