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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

Donald Trump's pick for Treasury secretary repeatedly defended a range of tariff ideas during his confirmation hearing before Senate lawmakers Thursday.

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.

The U.S. Senate today confirmed Scott Bessent to be President Donald Trump’s Treasury secretary, giving the billionaire hedge fund manager a central role in shaping the new administration’s policy ambitions around tax cuts and spending and managing economic relationships with allies and adversaries alike.

Treasury secretary nominee Scott Bessent told Senate lawmakers Thursday that the Federal Reserve should remain independent, but that Donald Trump 'is going to make his views known' as president.

US Treasury Secretary Scott Bessent is pushing for new universal tariffs on US imports to start at 2.5% and rise gradually, per the Financial Times.

WASHINGTON: President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday (Jan 16) that the dollar should remain the world's reserve currency, the

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.