Here's what to know about the Treasury secretary pick Bessent, who heads into his confirmation hearing and may become the first Senate-approved LGBTQ+ member in a Republican cabinet.
a confirmation hearing Thursday, as the pro-tariff Wall Street veteran and former colleague of Democratic megadonor George Soros is poised to become perhaps the most prominent voice shaping the Trump economy.
Bessent will succeed former Fed chief Janet Yellen, who he overlapped with at the Fed, as Treasury Secretary. Banking veteran Steven Mnuchin was the top economic official during Trump’s first term.playing a key role in the firm’s bets against the British pound in the early 1990s and the Japanese yen in the early 2010s.
Bessent Trump Cabinet Trump Treasury Trump Treasury Secretary Treasury Secretary Who Is Treasury Secretary Larry Kudlow
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bessent to Divest From Investments Ahead of Treasury ConfirmationScott Bessent, President-elect Trump's nominee for Treasury Secretary, plans to divest from his hedge fund and other investments to avoid conflicts of interest.
Read more »
Trump's Treasury Nominee Bessent to Testify on Dollar's Dominance and Supply ChainsScott Bessent, Donald Trump's pick for Treasury Secretary, will face questioning from lawmakers on Capitol Hill regarding his stance on taxes, tariffs, trade, and the future of the US dollar. Bessent aims to emphasize the need for securing vulnerable supply chains, imposing sanctions on national security concerns, and maintaining the dollar's status as the world's reserve currency.
Read more »
Bessent to Promise 'Golden Age' at Treasury HearingScott Bessent, Trump's nominee for Treasury Secretary, will emphasize economic security and the U.S. dollar's global dominance during his confirmation hearing.
Read more »
Trump's Treasury Pick Bessent Vows to Usher in 'New Economic Golden Age'Scott Bessent, President-elect Trump's nominee for Treasury Secretary, will outline his economic vision for the nation during his Senate confirmation hearing on Thursday. Bessent pledges to secure supply chains, utilize sanctions, and prioritize productive investment over wasteful spending. He also vows to make permanent the 2017 Tax Cuts and Jobs Act and implement new pro-growth policies to reduce the tax burden on American businesses and workers.
Read more »
Incoming Treasury to Sell Bitcoin ETF HoldingsHedge fund manager Scott Bessent is on track to liquidate his Bitcoin ETF holdings
Read more »
Chinese hackers breach US Treasury workstations: Key details to knowChinese state-sponsored hackers infiltrated the U.S. Treasury Department by exploiting a vulnerability in third-party software provider BeyondTrust, granting them remote access to several workstations and unclassified documents.
Read more »