Tag Archives: Scott Bessent

The Trump administration moved forward Thursday with a controversial $20 billion financial lifeline to Argentina, a bailout critics say benefits politically connected investors while the U.S. government remains shut down and American farmers struggle without aid. Treasury Secretary Scott Bessent confirmed the package, saying the funds will come through a …

President Donald Trump on Friday removed Internal Revenue Service Commissioner Billy Long, just two months after he was sworn in, and temporarily assigned Treasury Secretary Scott Bessent to lead the tax agency, according to three sources familiar with the decision. The abrupt shake-up comes days after Trump’s latest tariffs took …

Treasury Secretary Scott Bessent on Sunday sought to calm public concerns about the possibility of a recession and plummeting retirement savings, asserting that President Donald Trump’s administration is focused on long-term prosperity despite market volatility. During an interview on NBC’s “Meet the Press,” Bessent called recent fears surrounding the stock …

On Monday, the Senate confirmed Scott Bessent, a hedge fund manager and longtime financial expert, as the 79th U.S. Treasury secretary. With a bipartisan vote of 68-29, Bessent became the first openly gay person to hold the position, signaling a historic moment for the country. Fifteen Democrats and one independent …

President-elect Donald Trump’s choice for Treasury secretary appeared on track for Senate confirmation after a wide-ranging hearing Thursday that included substantial debate on tax policy and how tariffs would affect everyday Americans. Scott Bessent, a hedge fund manager whom Trump announced as his pick in November, repeatedly deferred to the incoming …