Britain's Labour government will back plans for a third runway at London's Heathrow Airport, finance minister Rachel Reeves announced on Wednesday, saying the project could create over 100,000 jobs in the economy.
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, a Wall Street veteran who grew up in South Carolina, has praised the Republican president’s plans to slash taxes and impose tariffs while calling for measures to protect supply chains and the
Trump Treasury secretary pick Scott Bessent told Senate lawmakers Thursday that the Federal Reserve should remain independent, but that Trump "is going to make his views known" as president.
If confirmed as Treasury Secretary, Bessent would be tasked with steering federal fiscal policies set by Congress and the White House. He would also be the main go-between of the White House and Federal Reserve,
Bessent, 62, is a longtime hedge fund manager, Trump donor and adviser. He'll be the point person for Trump on a host of key economic issues.
Scott Bessent has been an outspoken advocate for digital assets and hopes to being more regulatory clarity and crypto-favourable policies.
Scott Bessent will lead President Donald Trump's financial agenda as treasury secretary. Bessent, a billionaire hedge fund manager, was confirmed in a 68 to 29 U.S. Senate vote on Monday and sworn in on Tuesday.
Will the Senate GOP confirm controversial picks like Tulsi Gabbard and RFK Jr.? Here’s the hearings schedule and list of who’s been confirmed.
Ever since President Trump promised to create a "Strategic National Bitcoin Stockpile," the usual chorus of Bitcoin skeptics have doubted that it will ever happen.
President Trump's nominees for top posts in his administration are gearing up for their Senate confirmation hearings, which kicked off earlier this month.