Treasury Secretary designee Scott Bessent’s nomination advanced past ... litigation he is facing involving his method of skirting Medicare taxes on income he amassed from the Key Square Group.

This article was updated to correct Sen. Ron Wyden’s (D-Ore.) role on the Senate Finance Committee The Senate Finance Committee voted 16-11 on Tuesday morning to advance

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.

Three U.S. Army soldiers were onboard a BlackHawk helicopter that collided with a passenger jet near Ronald Reagan Washington National Airport, U.S. officials said on Wednesday.

Senate Finance Committee Chairman Mike Crapo on Wednesday said he is hoping a full Senate confirmation vote for U.S. President Donald Trump's pick as Treasury secretary, Scott Bessent, could occur next week.

The U.S. Senate today confirmed Scott Bessent to be President Donald Trump’s Treasury secretary, giving the billionaire hedge fund manager a central role in shaping the new administration’s policy ambitions around tax cuts and spending and managing economic relationships with allies and adversaries alike.

Bessent received a bachelor's degree from Yale University in 1984. After graduating, Bessent worked at Brown Brothers Harriman and Kynikos Associates. [5] In 1991, Bessent began working at Soros Fund Management (SFM), where he was the firm's head of ...

WASHINGTON (AP) — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve ... by failing to pay nearly $1 million in Medicare taxes related to his limited partnership ...

He has said the U.S. faces economic calamity if Congress does not renew key provisions of Trump’s Tax Cuts and Jobs Act that are set to expire Dec. 31, 2025.

On Monday, senators voted 68 to 29 to confirm billionaire hedge fund manager Scott Bessent as U.S. Treasury secretary, with 16 Democrats supporting the nomination. In a statement, Public Citizen called Bessent “an oligarch who spent a career serving rich clients,

Scott Bessent, a billionaire hedge fund manager, will lead President Donald Trump 's financial agenda as treasury secretary. Bessent was confirmed in a 68-29 U.S. Senate vote on Monday and sworn in on Tuesday. It is his first time overseeing a sprawling organization or working in government, The New York Times reported .