The U.S. Senate Finance Committee on Tuesday voted to send the nomination of billionaire hedge fund manager Scott Bessent as President Donald Trump's Treasury secretary on to the full Senate for approval.

All of Trump's high-profile nominees are required to file reports disclosing their assets and recent sources of income.

In a new memo obtained by NBC News, Senate Finance Democratic tax staff found that Scott Bessent avoided over $950,000 of self-employment taxes.

Two more of President Trump's Cabinet picks, Doug Collins and Elise Stefanik, will receive confirmation hearings on Tuesday. His Treasury nominee, Scott Bessent, will get a committee vote.

So has John Ratcliffe, Mr. Trump’s pick for C.I.A. director. Mr. Ratcliffe said at his confirmation hearing on Wednesday that the United States was witnessing an “invasion through our digital borders from half a world away, in a few seconds and a few keystrokes.” He argued that America’s ability to deter such attacks had faltered.

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.

10 a.m.: Marco Rubio, State Department The Florida senator ... takes questions from members of the Senate Finance Committee. Bessent would be the first openly LGBTQ Senate-confirmed Cabinet ...

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.

The treasury secretary nominee said he has no qualms about tightening sanctions against Russia and Russian energy products if Trump is in favor of doing so.

Treasury Secretary pick Scott Bessent, Lee Zeldin, the president-elect's choice to run the Environmental Protection Agency, and North Dakota Gov. Doug Burgum who'll run the Interior Department took questions on Capitol Hill as they look to secure their spots in the incoming administration.

President Trump is expected to attend an inaugural prayer service at Washington National Cathedral, meet with Republican leaders, and continue to work on executive and congressional actions on Day