Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is "perplexed" that the Biden administration did not impose more sanctions and tariffs on Russia's economy.

Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation hearing.

President-elect Donald Trump’s pick for Treasury secretary testifies Thursday before the Senate Banking Committee.

Donald Trump's nominee for Treasury Secretary Scott Bessent told Sen. Ron Wyden why it is goofy to claim the U.S. is in an "arms race with China for clean energy." SCOTT BESSENT: Senator Wyden, just to frame this for everyone in the room,

Scott Bessent told the Senate he saw 'no reason' for the U.S. to pursue a central bank digital currency, aligning with Trump's past comments.

Scott Bessent said passing new tax legislation is a huge economic concern for the country, including for working- and middle-class families.

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."

Bessent said he believed Trump's presidency would help "unleash a new economic golden age," which could include more jobs and wealth for Americans.

Trump’s second term agenda includes cutting ‘slackers’ from federal workforce, former OMB official says

The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.