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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.

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

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

President-elect Donald Trump's nominee for treasury secretary, Scott Bessent, faced questioning Thursday during a Senate Finance Committee hearing.

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.

Asked whether Congress should abandon the federal debt ceiling, Bessent said that if Trump requested that, he would work with Congress to make it happen

Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.

During the confirmation hearing for Scott Bessent in the Senate this week, Senator Catherine Cortez Masto got into a heated exchange with Bessent over Trump's influence over the Federal Reserve.

Bessent Refutes Cortez Masto’s Argument About Trump Wanting ‘Influence’ Over The Federal Reserve During Thursday’s Senate Finance Committee, Sen. Catherine Cortez Masto (D-NV) questioned Trump’s Treasury Secretary Nominee Scott Bessent about President-elect Donald Trump's claims about wanting influence over the Federal Reserve.

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.