Trump Treasury Secretary nominee Scott Bessent faces a Senate panel on Thursday and can expect grilling from a Democratic watchdog of Wall Street.
The United States should keep oversight of potential problems in the U.S. bond market, President-elect Donald Trump's Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall Street billionaire Howard Lutnick's plan to clear Treasury futures through a UK firm.
The new Secretary of Treasury has a strong fundamental view of markets and leans pro Bitcoin and cryptocurrency.
Bessent spoke before the Senate Finance Committee about his economic vision for America, addressing key issues like tax policy, inflation and wealth inequality.
Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.
Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is "perplexed" that the Biden administration did not impose more sanctions and tariffs on Russia's economy.
President-elect Donald Trump’s pick for Treasury secretary testified Thursday before the Senate Banking Committee.
Scott Bessent will also resign from Key Square Group, the hedge fund he founded, to avoid conflicts of interest if the Senate confirms him.
Ever since incoming Treasury Secretary Scott Bessent underwent his Senate confirmation hearings this week, there has been chatter regarding his 3-3-3 strategy, a plan to help reduce the federal deficit while simultaneously boosting the economy.
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.
During his Senate confirmation hearing on Thursday, Scott Bessent, President Donald Trump’s pick for Treasury Secretary, called the national debt “a disaster”