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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.

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.

Senate confirmation hearing, President-elect Donald Trump’s Treasury Secretary nominee, Scott Bessent, dismissed the idea of a U.S. central bank digital currency (CBDC), easing the concerns some crypto observers have held for a long time.

Investors initially expected multiple rate cuts in 2024, but now anticipate at most one, reflecting the Fed's ongoing inflation concerns. Read what investors need to know.

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

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.

Bessent said he believed Trump's presidency would help "unleash a new economic golden age," which could include more jobs and wealth for Americans.

Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, testified before the Senate Finance Committee on Jan. 16.

Treasury nominee Bessent a shoo-in Trump’s foreign policy steps into unstable world Gaza truce back on track Inauguration Day primer President-elect Trump won the November