Senate tees up final vote on Bessent nomination to lead Treasury
The Senate on Saturday proceeded with Scott Bessent, voted to become the next secretary of the Ministry of Finance, and arranged him on Monday. The Senator voted for 67-23 and taught the final passage of Bessent's nomination. The final voting will be held at 5:30 pm on Monday evening Bessent had previously advanced from the […]
Trump nominees Collins, Stefanik to face senate grilling as VA, UN picks; Bessent gets committee vote
Two more of Trump's nominees will be questioned by senators on Tuesday, and a third, Treasury nominee Scott Bessent, will be voted on by committees. Former Rep. Doug Collins, an Air Force Reserve chaplain, is scheduled to testify before the Senate Veterans Affairs Committee seeking confirmation to lead the Department of Veterans Affairs. And Representative […]
Treasury Nominee Bessent Defends Tariffs, Nuclear Energy in Hearing
Treasury Secretary nominee Scott Bessent opened his confirmation hearing in the Senate Finance Committee with a powerful attack on the radical left by defending the value of tariffs and nuclear energy. While many in the Democratic Party and Washington's elites support radical free trade and so-called “green energy,” Bessent rejects their elitist views and supports […]
Bessent Warns That Failure To Preserve Trump Tax Cuts Would Bring Economy To A ‘Sudden Stop’
Scott Bessent told a Senate committee Thursday that preventing tax cuts enacted during President Donald Trump's first term from expiring is a top priority for lawmakers. Bessent, who was nominated by President Trump to head the U.S. Treasury, testified for several hours Thursday before the Senate Finance Committee, addressing questions about tariffs, Russia sanctions, energy […]
Bessent open to increasing sanctions on Russia
Treasury Secretary nominee Scott Bessent told senators on Thursday that he would be “100 percent in favor” of President-elect Trump if he supported a strategy of toughening sanctions against major Russian oil companies as a way to end the war in Ukraine. Ta. “If Russian Federation officials are monitoring this confirmation hearing, I am 100% […]
Bessent To Call For Tax Relief For Manufacturers, Service Workers, And Seniors
Reducing the tax burden on U.S. manufacturing, service workers and retirees will be a critical priority for the incoming Trump administration, Trump Treasury nominee Scott Bessent said Thursday, according to prepared remarks. He is scheduled to speak before a Senate committee. “If Congress does not act, Americans will face the largest tax increase in history, […]
Bessent, Burgum headline Thursday's confirmation hearings
The Senate's confirmation hearings for President-elect Trump's controversial Cabinet nominations are back in full swing Thursday. The committee will hear from candidates seeking to lead the Treasury, Interior, Housing and Urban Development, and Environmental Protection Agency during President Trump's second term. They include Trump's main 2024 rival, former North Dakota Gov. Doug Burgum, who was […]
Bessent to tell senators Trump will usher in 'economic golden age'
Scott Bessent, President-elect Trump's nominee for Treasury secretary, will tell senators during his confirmation hearing that the next four years will be an opportunity for an “economic golden age,” according to prepared remarks reported by multiple media outlets. It is said that Bessent told members of the Senate Finance Committee Thursday morning that Trump “has […]
Treasury Pick Scott Bessent to Divest BlackRock Bitcoin ETF Before Trump's Inauguration – Decrypt
With less than a week left until President-elect Donald Trump's inauguration, billionaire hedge fund manager and Treasury Secretary candidate Scott Bessent is investing in a variety of stocks, including shares in the BlackRock Bitcoin ETF (IBIT). Preparations are underway to sell the assets. The sale follows federal ethics guidelines, which require nominees to sell certain […]
Bessent to divest from assets on road to leading Treasury
Scott Bessent, President-elect Trump's nominee for Treasury secretary, plans to exit the fund and other investments as he prepares to become the country's top economic official. In an agreement released Saturday by the Office of Government Ethics ahead of Bessent's confirmation hearing on Thursday, he outlined his plans. Mr. Bessent, a billionaire hedge fund manager, […]