Treasury Secretary designee Scott Bessent’s nomination advanced past a key Senate committee Tuesday, teeing up his likely confirmation with a full floor vote in the coming days.

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

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

U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut. And in turn, Bessent defended of President-elect Donald Trump's economic policies and proposals.

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.

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

WASHINGTON (AP) — U.S. Treasury nominee Scott Bessent on Thursday faced sharp ... He also worked for George Soros, a major supporter of Democrats. Republican Sen. Ron Johnson of Wisconsin ...

The 2024 election left Democrats with three fundamental questions. First, what is the party "about" (i.e., what are our core principles)? Second, how do we explain what we are about (i.e., what is our "brand)?

House G.O.P. Floats Medicaid Cuts and More to Finance Trump’s Huge Agenda President Trump wants a massive tax cut and immigration crackdown bill. Republicans must decide what to cut to help pay ...

It comes after Mr Trump’s choice for treasury secretary, Scott Bessent, said he “100 per cent” supports raising sanctions on Russian oil producers if the incoming president asked him to. Kremlin spokesperson Dmitry Peskov says Russia does not expect ...

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

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.