Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.
Their exchange on the minimum wage shows two views of the world.
Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’
The stakes have never been higher, but with Bessent at the helm of the Trump economic team, a brighter future is within reach.
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.
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.
The Treasury secretary nominee cultivated allies in Trump’s orbit who have come to see him as a brainy avatar of their vision.
During his Senate confirmation hearing on Thursday, Scott Bessent, President Donald Trump’s pick for Treasury Secretary, called the national debt “a disaster”
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.
Scott Bessent's potential appointment as Treasury Secretary under Trump sparks mixed reactions. Learn about the financial moves you should consider and how this choice might impact both Wall Street and Main Street.
President Donald Trump will be sworn back into office, the culmination of a comeback that seemed impossible just a few short years ago. Almost as improbable is the inner circle Trump has cultivated in his second tour of office: a coterie of Silicon Valley powerbrokers that seem ready to upend the longstanding balance of power in Washington,