1 day ago · Trump's tariff threats against Colombia, Mexico and Canada are aimed at changing these countries. The corresponding statement was made by US Treasury Secretary Scott Bessent. "These actions are not aimed at increasing income, but at making changes in the target countries," Bessent was quoted as saying by Reuters.

1 day ago · Bessent said Trump was pursuing different strategies with different tariffs, noting that recent tariff threats against Colombia, Mexico and Canada were aimed at ensuring action by those ...

1 day ago · Mr Bessent said Mr Trump was pursuing different strategies with different tariffs, noting that recent tariff threats against Colombia, Mexico and Canada were aimed at ensuring action by those ...

Nov 12, 2024 · Scott Bessent, a hedge fund manager once involved in George Soros's investment operations, has recently emerged as a potential pick for Treasury secretary in a second Trump administration.

Jan 28, 2025 · WASHINGTON (AP) — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of...

Jan 28, 2025 · On Monday, Bessent was confirmed after a 68-29 vote — with all Republicans voting “Yea,” joined by 16 Democrats. Bessent is set to be the 79 th Treasury secretary and he will play a pivotal...

Nov 20, 2024 · Hedge fund manager Scott Bessent, who once raised money for Democrats but later became a key donor to Trump, will be nominated to serve as treasury secretary. Bessent has a long career in finance, including working at Soros Fund Management and founding his own firm.

Jan 27, 2025 · The Senate voted 68-29 to confirm the Wall Street veteran, with 16 Democrats joining all Republicans to choose Bessent for the post. He will be the 79th Treasury secretary.

Jan 27, 2025 · Democrats say Bessent has engaged in tax avoidance by failing to pay nearly $1 million in Medicare taxes related to his limited partnership in his hedge fund. Bessent, meanwhile, takes issue with his tax liability to the IRS and is in litigation over the tax bill.

Jan 16, 2025 · 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.