U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut. And in turn, Bessent defended of President-elect Donald Trump ‘s economic policies and proposals. Bessent sat in front of the Senate Finance Committee for his confirmation hearing, where he told lawmakers that the U.S. faces economic calamity if Congress does not renew provisions of Trump’s Tax Cuts and Jobs Act. He also asserted the Federal Reserve should remain independent from the president’s influence and U.S. sanctions on Russian oil should be more aggressive.

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Trump's Treasury pick Bessent calls for stronger sanctions on Russia over Ukraine war

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U.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.

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Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel

On a Saturday confirmation in the Senate, Bessent said that Russia, and oil companies in particular, can expect tougher sanctions under the Donald Trump administration

Em sabatina de confirmação no Senado, Bessent disse que a Rússia, e particularmente as empresas petrolíferas, podem esperar sanções mais duras sob a administração de Donald Trump

Petróleo aprofunda perdas após Bessent defender novas sanções à petrolíferas russas

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Oil deepens losses after Bessent defends new sanctions against Russian oil companies

WASHINGTON: President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday (Jan 16) that the dollar should remain the world's reserve currency, the

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Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil

President-elect Donald Trump's pick for Treasury secretary testifies Thursday before the Senate Banking Committee.

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Trump's Treasury pick Scott Bessent says spending 'out of control,' heavier Russia sanctions coming

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

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Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel

Treasury Secretary-nominee Scott Bessent told senators Thursday that he would be “100 percent on board” with increasing sanctions on Russia’s major oil companies if President-elect Trump supports that strategy as a way to end the war in Ukraine. “If any officials in the Russian Federation are watching this confirmation hearing, they should know that if…

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Bessent open to increasing sanctions on Russia

Mr Scott Bessent tells senators that Russian sanctions from the Biden administration are "not fulsome enough."

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Trump’s Treasury pick Bessent calls for stronger sanctions on Russia over Ukraine war

(Bloomberg) — Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, said he would support dialing up sanctions on the Russian oil industry to end the war in Ukraine.

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Bessent Says He Would Support Sanctioning Russian Oil Majors

DECRYPTION - Although he finally promised not to fire Jerome Powell, whom he himself appointed in 2017, the president-elect has ways to reduce the independence of the central bank.

DÉCRYPTAGE - S’il a finalement promis de pas renvoyer Jerome Powell, qu’il a lui-même nommé en 2017, le président élu dispose de moyens pour amoindrir l’indépendance de la banque centrale.

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Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel

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