During his confirmation hearing, U.S. Treasury nominee Scott Bessent expressed optimism about the potential for a new economic golden age under President-elect Donald Trump's leadership. Bessent highlighted the importance of securing vulnerable supply chains, imposing sanctions for national security reasons, and ensuring the U.S. dollar remains the world's reserve currency.
Lawmakers are set to question Bessent on various issues including taxes, tariffs, and trade policies. Bessent, a South Carolina billionaire, has a background in both Democratic and Republican circles, having supported Democratic causes in the past before becoming a Trump donor and adviser.
