Scott Bessent has been confirmed as US Treasury Secretary, advocating for universal tariffs starting at 2.5%. He aims to eliminate taxes, implement a consumption tax, and adopt a gold-backed currency,

Billionaire hedge fund manager and Donald Trump nominee Scott Bessent won Senate approval on Monday to become US Treasury secretary.

The Senate confirmed on Monday Scott Bessent, a Wall Street veteran and campaign ally of President Donald Trump, as treasury secretary, one of the highest-profile cabinet posts. Bessent won ...

The fund manager will face senators at a confirmation hearing on 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.

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, a South Carolina resident and billionaire investor, was confirmed by the U.S. Senate on Monday.

The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary

The Senate confirmed Scott Bessent as treasury secretary, filling a key role in President Donald Trump's Cabinet with Bessent expected to help orchestrate Trump's economic agenda.

Mr Bessent, a past supporter of Democrats who once worked for George Soros, has become an enthusiastic supporter of the president.