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,

Donald Trump's nominee for Treasury Secretary Scott Bessent told Sen. Ron Wyden why it is goofy to claim the U.S. is in an "arms race with China for clean energy." SCOTT BESSENT: Senator Wyden, just to frame this for everyone in the room,

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.

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 ...

President-elect Donald Trump’s pick to run the Treasury Department does not expect the incoming president’s proposed tariffs to drive up inflation and says he is looking forward to helping extend the Trump tax cuts.

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

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.

Donald Trump's pick for Treasury secretary repeatedly defended a range of tariff ideas during his confirmation hearing before Senate lawmakers Thursday.

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.

The Senate Finance Committee voted 16-11 to advance Bessent’s nomination, clearing the way for a Senate floor vote in the coming days. Two Democrats — Sens. Mark Warner (D-Va.) and Maggie Hassan (D-N.H.) — joined with the committee’s Republicans in supporting Bessent for the top economic job in Trump’s Cabinet.

Senate confirmation hearings for President-elect Trump’s Cabinet finished its first week with as many questions as it started with for some Democratic senators. Senator Ron Wyden, D-Ore., gives his thoughts on the hearing of Trump Treasury Secretary pick Scott Bessent,