Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.

WASHINGTON—Tariffs, tax policy and budget deficits look likely to dominate Thursday’s confirmation hearing for Scott Bessent, the fund manager picked by President-elect Donald Trump to run the Treasury Department.

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.

The stakes have never been higher, but with Bessent at the helm of the Trump economic team, a brighter future is within reach.

Their exchange on the minimum wage shows two views of the world.

Scott Bessent, President-elect Donald Trump‘s nominee for treasury secretary, defended the Trump tax cuts during his confirmation hearing and said it is crucial for middle-class families that the cuts are extended.

Nominee for U.S. Treasury secretary, Scott Bessent, is expected to declare during his confirmation that Trump will usher in "a new economic golden age."

Scott Bessent, Donald Trump's pick to serve as Treasury Secretary, handled a policy-heavy confirmation hearing with poise, highlighting his preference for relaxed bank regulation, support of the 2017 Trump tax cuts and a hawkish approach to spending.

The pendulum is fast moving back in favour of business as the incoming US president fills the world’s most powerful economic roles.

WASHINGTON (AP) — Senators returned to the Capitol Monday for a late-evening session pushing ahead on President Donald Trump’s Cabinet picks, with voting possible to confirm Sen. Marco Rubio as the nation’s secretary of state on Inauguration Day.

He made wild, over-the-top claims about the state of our country and made himself out to be the one to save us all from the literal hell on Earth that we find ourselves in.