Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’
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.
Donald Trump's pick for Treasury secretary repeatedly defended a range of tariff ideas during his confirmation hearing before Senate lawmakers Thursday.
Trump Treasury Secretary pick Scott Bessent testifies during his Senate confirmation hearing.
The U.S. national debt is projected to surge by $23.9 trillion over the next decade, according to the Congressional Budget Office.
President-elect Donald Trump’s pick for Treasury secretary testified Thursday before the Senate Banking Committee.
Following his win over Kamala Harris, Donald Trump has been assembling the administration for his second term in the White House.
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and Jobs Acts, tax filing deadlines, and more
The national debt is expected 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.
Trump has vowed to take quick action to hike tariffs on imports -- cast as a potential way to boost revenues -- while his Treasury secretary pick took aim this week at federal spending