Bessent’s statements at the hearing, during which he spoke on a range of issues, constituted a comprehensive presentation of the incoming administration’s plans for the US economy.

U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”

President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent, said he "100%" supports raising sanctions on Russian oil producers if the future president requests doing so.

Scott Bessent faced questioning by lawmakers from the Senate Finance Committee earlier Thursday as part of his confirmation hearing as a Trump Cabinet nominee. With President-elect Donald Trump's proposed tariff policies making waves ahead of his re-entry into the White House,

Donald Trump's Treasury secretary nominee Scott Bessent said Thursday he would support tightening sanctions on Russia if the incoming president saw it as a way toward ending the war in Ukraine.

Treasury Secretary nominee Scott Bessent outlined a three-pronged approach to tariffs during his Senate testimony this week, including targeted tariffs, general tariffs as revenue generators and tariffs as a negotiation tool.

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

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.

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 choice for Treasury secretary, said Jan. 16 that the U.S. should institute a “very rigorous screening process” to ensure its outbound investment does not help China catch up to the U.S. in such key technology areas as artificial intelligence, computing chips, quantum computing and surveillance.

Fire at One of World's Largest Battery Plants Prompts Evacuations in California A fire at a major battery-storage plant in Northern California prompted the evacuation of nearby residents.