U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from Democrats on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.

Lawmakers on Capitol Hill are set to question Scott Bessent’s stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee.

IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep. Billy Long to replace him.

The first question from Sen. Ron Wyden, the ranking Democrat, is about the future of IRS Direct File. The program provides a way for people to file their taxes for free and is available in 25 states this tax season,

Asked whether Congress should abandon the federal debt ceiling, Bessent said that if Trump requested that, he would work with Congress to make it happen

In a new memo obtained by NBC News, Senate Finance Democratic tax staff found that Scott Bessent avoided over $950,000 of self-employment taxes.

Scott Bessent, US Treasury nominee, faces scrutiny from Democrats on tax policy and national debt during Senate Finance Committee hearing.

Bessent told lawmakers that President-elect Donald Trump has an opportunity to unleash 'a new economic golden age'

Scott Bessent to say at his confirmation hearing that Donald Trump has opportunity to unleash “new economic golden age.”

President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent and that he is ready to impose tougher sanctions on Russia's oil sector.

Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary.