Trump, Scott Bessent

Bessent warns of ‘devastating’ consequences if tax cuts lapse
Taxes and tariffs took center stage Thursday at the Senate Finance Committee’s confirmation hearing for President-elect Donald Trump’s intended Treasury secretary nominee, Scott Bessent. Republicans and Democrats sparred over who would benefit most from extending more than $4 trillion in tax cuts enacted during the first Trump administration.
Trump's US Treasury pick Bessent says extending tax cuts a top priority
Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said that extending Trump's 2017 tax cuts that are set to expire at the end of this year is "the single most important economic issue of the day.
GOP flirts with magical thinking on paying for Trump's tax cuts
Why it matters: The procedural and budgetary gambit will free Republicans from the burden of finding the $4 trillion in spending cuts. But deficit hawks, including member of the House Freedom Caucus, haven't completely signed off on the novel approach.
Treasury Pick Bessent Takes Aim at China, Tax Cuts in Hearing
Good morning. US Treasury pick Scott Bessent targeted China and tax cuts in his confirmation hearing. Rio Tinto and Glencore are said to be in talks on a combination. And Nintendo will unveil its next-generation Switch in April.
Trump’s pick to lead the Treasury Department backs tariffs and extended tax cuts during confirmation hearing
South Carolina billionaire investor and hedge-fund manager Scott Bessent faced questioning on Capitol Hill Thursday during his Senate confirmation hearing to be the country’s next treasury secretary.
Transition Highlights: Trump’s Picks Are Quizzed on Tax Cuts, Tariffs and Climate Change
Senate confirmation hearings for the Trump cabinet continue on Thursday. They will include Doug Burgum for interior secretary, Scott Turner for housing secretary and Lee Zeldin for Environmental Protection Agency administrator at 10 a.m. Eastern, and Scott Bessent for Treasury secretary at 10:30 a.m.
Trump wants to cut taxes. So do governors and lawmakers in some states
President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more. The movement for more tax cuts comes after most states already have slashed income,
Republicans weigh 'magical thinking' to fund Trump's tax cuts: report
Republicans were reportedly resorting to "magical thinking" to push through an extension of President-elect Donald Trump's 2017 tax cuts, set to expire this year. The Tax Cuts and Jobs Act, signed into law by Trump in December 2017,
Trump tax cuts dominate Scott Bessent treasury secretary confirmation hearing
Scott Bessent, President-elect Donald Trump‘s nominee for treasury secretary, defended the Trump tax cuts during his ...
Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...
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Democrats Parrot Biden’s ‘O-Word’ in Effort To Paint Treasury Nominee Scott Bessent as a Faux Populist
Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’ ...
Bessent calls extension of Trump tax cuts a 'pass-fail' exam question for Congress
Bessent said the extension of the 2017 tax cuts was the single most important issue facing lawmakers. "This is pass-fail," Bessent said, in the start of questions at his confirmation hearings. Failure ...
Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
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US Treasury nominee says Trump can usher in 'economic golden age'
Donald Trump's nominee for Treasury chief defended potential tax cuts and tariffs Thursday, telling lawmakers at his ...
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Trump nominee for Treasury opposes higher taxes on billionaires, decries federal spending
President-elect Donald Trump’s choice for Treasury secretary appeared on track for Senate confirmation after a wide-ranging ...