During the confirmation hearing for Scott Bessent this week in the U.S. Senate, Senator Ron Wyden pressed Bessent on whether "Direct File" will be operative for Americans this tax season.

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,

The hedge fund manager and Trump advisor also lent support to the idea of reconsidering deposit insurance limits for some kinds of accounts, such as those used for payrolls.

Senate Finance Democrats want Scott Bessent to submit to an IRS audit and release his tax filings ahead of panel vote Tuesday.

Ron Wyden, D-Ore., said in his closing remarks. Bessent also fielded questions over many of Trump’s other proposed economic policies. Tariffs have been a particularly contentious topic: Economists warn that Trump’s sweeping proposals could restart ...

Latest news and live updates as the Trump administration prepares for office next week. Follow live as Senate confirmation hearings continue for attorney general pick Pam Bondi.

The Senate Finance Committee on Jan. 21 advanced the nomination of Scott Bessent, President Donald J. Trump’s pick for Treasury secretary, in a 16-11 vote. All 14 committee Republicans and two Democrats supported Bessent’s nomination, which will now head to the full Senate for consideration.

Scott Bessent, President-elect Donald Trump‘s nominee for treasury secretary, defended the Trump tax cuts during his confirmation hearing and said it is crucial for middle-class families that the cuts are extended.

Duing the confirmation hearing for Scott Bessent in the Senate this week, Senator Ron Wyden went scorched earth on nominee to be Treasury Secretary, Scott Bessent.

President Donald Trump is doubling down on his assertion that new tariffs could hit next month. He told reporters Tuesday that China may also face new duties on Feb. 1. Meanwhile, U.S. trade partners reiterated that they’re ready to respond quickly and forcefully.

The Senate confirmation hearings for Trump’s second-term nominees have revealed a dramatic departure from the first term, indicating that the second Trump administration will have a more