Trump’s US Treasury nominee champions tariffs and tax cuts.
Billionaire financier Scott Bessent sat in front of the powerful Senate Finance Committee on Thursday, January 16, for his confirmation hearing. After weeks of speculation and debate, President-elect Donald Trump selected the hedge fund manager to lead the Treasury Department for the next four years, receiving cheers from Wall Street. Watching Bessent spar with the likes of Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA), Trump may have been pleased with his pick to succeed Janet Yellen.
Trumponomics 2.0
Committee Republicans and Democrats centered their attention on two main subjects. The first was the 2017 Tax Cuts and Jobs Act (TCJA), which is set to expire by the end of the year. The second was the president-elect’s tariffs. Both policies received…
