Trump's pick for treasury secretary commits to a thorough and careful recapitalization and release process for Fannie Mae and Freddie Mac.

The U.S. Senate Finance Committee on Tuesday voted to send the nomination of billionaire hedge fund manager Scott Bessent as President Donald Trump's Treasury secretary on to the full Senate for approval.

To get the nomination for Treasury Secretary, Scott Bessent had to win over MAGA, Wall Street and Trump himself.

President-elect Donald Trump's Cabinet nominees Scott Bessent, Doug Burgum, Lee Zeldin and Scott Turner will sit for Senate confirmation hearings Thursday.

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."

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.

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Scott Bessent told Sen. Ron Wyden, during his confirmation hearing to serve as Donald Trump's Treasury Secretary, he believes Chinese companies are likely to reduce prices in response to American tariffs,

Scott Bessent, President-elect Donald Trump's choice to be Secretary of the Treasury, appears before the Senate Finance Committee for his confirmation hearing, at the Capitol on Thursday, Jan. 16, 2025, in Washington.

In the economic showdown with America, Europe is gearing up to fight an enemy that no longer exists. It’s no longer the state-backed largesse of Bidenomics that Europe has to fear; it’s a far more dramatic liberalization of America’s model.

The longer the Direct File tax-prep program sticks around, the harder it is to end it, which is what critics fear — and supporters want