Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts
2 months ago

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts

The Hindu  

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth. He has said the U.S. faces economic calamity if Congress does not renew key provisions of Mr. Trump’s Tax Cuts and Jobs Act that are set to expire Dec. 31, 2025. After Mr. Bessent was confirmed, Republican Senator Mike Crapo of Idaho, chair of the Senate Finance Committee, said approving Bessent was “one of the easiest votes we could ever take.” However, he faced pushback from Democrats on unpaid tax liabilities. “While I disagree with many of his policy positions, particularly his support for extending tax cuts for the wealthy and President Trump’s tariff threats, I hope that he will focus the Treasury Department on bringing down costs for middle-class Americans,” Mr. Coons said in a statement, adding that he supports Mr. Bessent's commitment to continue U.S. investment in international financial institutions such as the World Bank and the International Monetary Fund.

History of this topic

Corporate America’s euphoria over Trump’s ‘golden age’ is giving way to distress
2 days, 6 hours ago
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
1 month, 3 weeks ago
Will Scott Bessent abolish Donald Trump's tax cuts as treasury secretary?
1 month, 4 weeks ago
Scott Bessent, hedge fund billionaire, is Trump's treasury secretary
1 month, 4 weeks ago
‘Golden age starts now’: Scott Bessent becomes Donald Trump’s treasury secretary, pushes universal 2.5% tariff plan
Trending News
2 months ago
Senate confirms Scott Bessent as US Treasury Secretary amid global economic concerns
2 months ago
'Absurd double standard': Top Finance Committee member slams new Treasury Secretary
2 months ago
Scott Bessent Confirmed As Treasury Secretary, Giving Him A Key Role In Extending Trump's Tax Cuts
2 months ago
Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts
2 months ago
Trump treasury pick's 'magical and paper-thin' economic plan torn to shreds by columnist
2 months, 1 week ago
'There it is!' Rolled eyes meet Trump billionaire's warning of 'calamity' without tax cuts
2 months, 1 week ago
U.S. Treasury nominee says Trump can usher in 'economic golden age'
2 months, 1 week ago
Treasury nominee plans to say at confirmation hearing that Trump will unleash ‘economic golden age’
2 months, 1 week ago
Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know
2 months, 1 week ago
Donald Trump’s cabinet picks face Senate hearings: Key dates and times - Full schedule here
2 months, 1 week ago
Donald Trump picks Ken Kies for key tax policy job at treasury
2 months, 3 weeks ago
Trump’s Treasury secretary will face a daunting challenge
4 months ago
Trump wastes no time in reigniting trade wars
Trending News
4 months ago
Trump aide Boris Epshteyn accused of seeking monthly bribes to recommend Cabinet picks
4 months ago
Moment liberal MSNBC star reveals he is 'conflicted' over openly gay Trump Treasury pick Scott Bessent
4 months ago
Scott Bessent: Trump's pick for treasury secretary is 1st openly gay to hold post
4 months ago
Wall Street veteran Scott Bessent tapped as Donald Trump's treasury secretary
4 months ago
Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.
Trending News
4 months ago
Trump move shows 'limit to influence' of one of his 'strongest political allies': report
4 months ago
What are the challenges Donald Trump's treasury chief pick Scott Bessent faces?
4 months ago
Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
4 months ago
Trump picks Scott Bessent for treasury as he announces flurry of cabinet picks
4 months ago
Trump names hedge fund manager Scott Bessent as Treasury chief
Trending News
4 months ago
Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary
4 months ago
Who is Scott Bessent? Donald Trump’s pick for treasury secretary
Trending News
4 months ago
Trump rejects Elon Musk’s treasury secretary pick, names his own favorite instead
4 months ago
What to know about Scott Bessent, Trump’s pick for treasury secretary
4 months ago
Trump Chooses Bessent To Be Treasury Secretary, Vought As Budget Chief, Chavez-DeRemer For Labor
4 months ago
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
4 months ago
Trump picks billionaire investor Scott Bessent as Treasury secretary
4 months ago
Trump to nominate hedge fund manager Scott Bessent as Treasury Secretary
4 months ago
Trump expected to pick Bessent to be US treasury secretary, sources say
4 months ago
Scott Bessent’s rise through finance to the US Treasury
4 months ago
Treasury Candidate Factions Vie to Win Over an Undecided Trump
4 months ago
Trump picks hedge fund billionaire Bessent to run Treasury
4 months ago
Trump names hedge fund manager Scott Bessent as Treasury secretary, announces other picks
4 months ago
Trump nominates Wall Street investor Scott Bessent as treasury secretary
4 months ago
Live updates: Trump presidential transition news
55 years, 2 months ago
Trump expands pool of possible Treasury picks as top candidates jockey for the job
4 months, 1 week ago
Elon Musk wants Trump to disrupt Wall Street with Treasury pick
4 months, 1 week ago
Trump’s Treasury pick: Lutnick now a top contender alongside Bessent, sources say
4 months, 2 weeks ago
Donald Trump cabinet 2.0: From Elon Musk to Marco Rubio – who’s in, who’s running for his second-term shake-up?
4 months, 2 weeks ago
Donald Trump's second term: Who's in the running for top administration jobs?
4 months, 3 weeks ago
Steven Mnuchin Confirmed As Treasury Secretary
8 years, 1 month ago

Discover Related