Treasury Secretary nominee Scott Bessent outlined a three-pronged approach to tariffs during his Senate testimony this week, including targeted tariffs, general tariffs as revenue generators and tariffs as a negotiation tool.
The White House says that US President Donald Trump is still thinking about imposing tariffs on imports from Canada, Mexico and China starting on February 1.
Bessent’s first challenge will be managing federal cash flows after government hit statutory debt limit on Trump’s second day in office.
The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth.
President Donald Trump has threatened universal duties and said they'll raise money, but he is also using tariff threats as diplomatic leverage.
The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to become the next Treasury secretary and enact the Trump administration's economic agenda of tax cuts and tariffs.
The U.S. Senate voted Monday to confirm hedge fund manager and South Carolina native Scott Bessent as the 79th Secretary of the Treasury.
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The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary
The U.S. Senate voted Monday to confirm hedge fund manager and South Carolina native Scott Bessent as the 79th Secretary of the Treasury.
The US Senate is widely expected to confirm billionaire hedge fund manager Scott Bessent for Treasury secretary Monday, putting him at the forefront of implementing Donald Trump's economic agenda --
Macomb, Detroit, Michigan It was an exhilarating experience to watch the live telecast of Scott Bessent’s over four-hour confirmation hearing for the job of Treasury Secretary of the most powerful n
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