The stakes have never been higher, but with Bessent at the helm of the Trump economic team, a brighter future is within reach.
Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.
Ronald Reagan had his “ Miss Rosy Scenario ” and “ magic asterisks ” to make his deficit numbers seem better than they actually were. Every Republican president since has used (and abused) a famous napkin sketch to pretend that tax cuts always pay for themselves.
The fund manager will face senators at a confirmation hearing on Thursday
U_S_ Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”
Scott Bessent’s Thursday sitdown with the Senate is set to be far from the spotlight during this week of dramatic confirmation hearings in Washington, but it could provide nuggets for market watchers trying to sort out some of the early mixed signals about Trumponomics 2.
Scott Bessent, a South Carolina billionaire hedge fund manager, wasted no time getting to the crux of his confirmation hearing: the expiring Trump tax cuts. “This is the single most important economic issue of the day,” Bessent told the committee.
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 to say at his confirmation hearing that Donald Trump has opportunity to unleash “new economic golden age.”
To get the nomination for Treasury Secretary, Scott Bessent had to win over MAGA, Wall Street and Trump himself.
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.
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.