Scott Bessent, President-elect Trump's pick to lead the Treasury Department, went head to head with Sen. Bernie Sanders, I-Vt., over whether the U.S. is headed toward an oligarchy.
Scott Bessent, President-elect Trump's nominee to lead the Treasury Department, sparred with Sen. Bernie Sanders, I-Vt., over whether the U.S. is heading toward an oligarchy. On Wednesday, President Biden said in his farewell address that "an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights, freedoms and a fair shot for everyone to get ahead.
TRUMP TELLS EU TO BUY MORE AMERICAN-MADE OIL AND GAS OR FACE 'TARIFFS ALL THE WAY' Sanders interrupted Bessent again and eventually dropped the topic before asking Bessent whether the hedge fund billionaire would "work with those of us who want to raise the federal minimum wage to a living wage to take millions of Americans out of poverty." "Senator, I believe that the minimum wage is more of a state and regional issue," Bessent said.
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