Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation hearing.

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.

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.

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.

President-elect Donald Trump’s pick for Treasury secretary testifies Thursday before the Senate Banking Committee.

Scott Bessent, President-elect Trump's pick to serve as treasury secretary, told Sen. Bernie Sanders, I-Vt., that the minimum wage is "more of a statewide" issue and that he believes there should not be an increase to the federal minimum wage.

Trump's Treasury pick Scott Bessent argued against a US digital dollar, saying CBDCs suit countries lacking other investment options.

Donald Trump's nominee for Treasury Secretary Scott Bessent told Sen. Ron Wyden why it is goofy to claim the U.S. is in an "arms race with China for clean energy." SCOTT BESSENT: Senator Wyden, just to frame this for everyone in the room,

Scott Bessent is set to have a confirmation hearing as Donald Trump's pick Department of Treasury secretary on Thursday.

To get the nomination for Treasury Secretary, Scott Bessent had to win over MAGA, Wall Street and Trump himself.

Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’