The stakes have never been higher, but with Bessent at the helm of the Trump economic team, a brighter future is within reach.
Ronald Reagan had his “ Miss Rosy Scenario ” and “ magic asterisks ” to make his deficit numbers seem better than they actually were. Every Republican president since has used (and abused) a famous napkin sketch to pretend that tax cuts always pay for themselves.
Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.
Scott Bessent, a South Carolina billionaire hedge fund manager, wasted no time getting to the crux of his confirmation hearing: the expiring Trump tax cuts. “This is the single most important economic issue of the day,” Bessent told the committee.
U_S_ Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”
Scott Bessent to say at his confirmation hearing that Donald Trump has opportunity to unleash “new economic golden age.”
Scott Bessent's critic in Catherine Rampell is too pessimistic, while Bessent is arguably not optimistic enough.
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
White House Press Secretary Karoline Leavitt tore into Bishop Mariann Edgar Budde over her sermon calling on President Trump to show 'mercy' and saying groups 'fear for their lives.'
House G.O.P. Floats Medicaid Cuts and More to Finance Trump’s Huge Agenda President Trump wants a massive tax cut and immigration crackdown bill. Republicans must decide what to cut to help pay ...
After slumping to... The USD dropped nearly 1% on Monday as the Washington Post published an article claiming Trump was considering lighter tariffs. Inflation in the UK is climbing steadily higher ...