Tag Archives: Scott Bessent

Rolling Stone reports: President-elect Donald Trump’s Treasury Secretary pick, a billionaire who has been accused of evading taxes, says that “the most important economic issue of the day” is extending Trump’s tax cuts for the ultra rich. Scott Bessent spoke about his economic plans while sitting for his confirmation hearing before the Senate Banking Committee on Thursday. Bessent is an …

The Associated Press reports: Thursday’s hearings include Doug Burgum for the Interior Department, Scott Turner for the Housing and Urban Development Department, Lee Zeldin for the EPA, Scott Bessent for the Treasury Department and Pam Bondi will go before the Senate Judiciary Committee for a second day. Bessent, the billionaire money manager from South Carolina, will take questions from members …

CNN reports: The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Today, during a time of distrust in government, the FDIC stands apart in the alphabet soup of bank regulators as a rare agency that many Americans trust. It has a long …

Reuters reports: Trump has named Scott Bessent, a longtime hedge fund investor who taught at Yale University for several years, to be his treasury secretary, media reported on Friday. Wall Street has been closely watching who Trump will pick, especially given his plans to remake global trade through tariffs. Bessent has advocated for tax reform and deregulation, particularly to spur …