Latest in Scott Bessent believes federal minimum wage should not be increased
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Bessent's big day
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump's Treasury nominee takes center stage Scott Bessent, President-elect ...The Hill - 6h -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - 9h -
Zeldin: 'I believe that climate change is real'
Lee Zeldin told Sen. Bernie Sanders, I-Vt., that he believes in climate change and that it is an urgent issue that must be addressed during his Senate confirmation hearing to lead the Environmental ...NBC News - 14h -
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.The New York Times - 17h -
Senate Democrats circulating memo alleging Bessent tax dodges
The memo called out millions of dollars in losses Treasury Secretary nominee Scott Bessent claimed related to his investment in a conservative publishing house, among other issues.Politico - 1d -
Scott O'Neil takes over as the CEO of Saudi-funded LIV Golf
Scott O'Neil is officially the new CEO of LIV GolfABC News - 1d -
Climate ‘whiplash’ events increasing exponentially around world
Global heating means atmosphere can drive both extreme droughts and floods with rapid switches. Climate “whiplash” between extremely wet and dry conditions, which spurred catastrophic fires in Los ...The Guardian - 1d -
Trump nominees Burgum, Bessent and other picks sit for Senate confirmation hearings
President-elect Donald Trump's picks for the Treasury, Housing and Urban Development and Interior departments, along with the Environmental Protection Agency, went before lawmakers on Thursday. ...CBS News - 7h -
Trump Treasury secretary nominee won’t support raising minimum wage
Scott Bessent, President-elect Trump’s Treasury secretary nominee, said Thursday that he would not support raising the minimum wage. Bessent, if confirmed, would not have the authority to raise ...The Hill - 8h -
Cancer in women and young people is increasing, study finds
New data from the American Cancer Society shows overall cancer deaths are down but the number of women and young adults with cancer is up, according to a new study. CBS News' Michael George reports.CBS News - 9h -
Bessent calls for stronger Russia sanctions at treasury confirmation hearing
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.CBS News - 9h -
Scott Turner, Trump’s Housing Pick, Will Face Questions From Senators
Scott Turner, an official during the first Trump administration, said that the country was not building enough homes and that the housing department was “failing at its most basic mission.”The New York Times - 9h -
Bessent says US should increase sanctions on Russian oil companies
Trump Treasury pick tells Senate panel he wants to ratchet up pressure on Putin regimeFinancial Times - 13h -
Bessent open to increasing sanctions on Russia
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 ...The Hill - 13h -
Watch live: Treasury hopeful Scott Bessent testifies at Senate confirmation hearing
Billionaire investor Scott Bessent, President-Trump's pick to head the Treasury Department, will testify before the Senate Finance Committee on Thursday morning. During the confirmation hearing, ...The Hill - 14h -
Bessent to tell senators Trump will usher in 'economic golden age'
Scott Bessent, President-elect Trump’s pick to lead the Treasury, plans to tell senators during his confirmation hearing that the next four years will present an opportunity for an “economic golden ...The Hill - 17h -
How wildfires increase financial risk for utility companies
As extreme blazes happen more frequently, the sector faces costly litigation and damages to infrastructureFinancial Times - 18h -
Bessent, Burgum headline Thursday's confirmation hearings
Confirmation hearings for President-elect Trump’s Cabinet picks are in full swing again Thursday as the Senate works to screen his controversial nominees. Committees will hear from the contenders ...The Hill - 19h -
Nick Castellanos believes Mets' Jose Iglesias should have won 2024 NL MVP over Shohei Ohtani
Phillies outfielder Nick Castellanos believes the NL MVP should have been given to a Mets player, and he’s not talking about Francisco Lindor. Castellanos’ 2024 NL MVP pick? Jose Iglesias.Yahoo Sports - 3d -
Bessent to divest from assets on road to leading Treasury
President-elect Trump’s Treasury Secretary pick Scott Bessent has plans to divest from funds and other investments as he prepares to take over as the country’s top economic official. In an ...The Hill - 4d -
Reeves 'to wage war on waste' and 'Nine-jobs Nigel'
"Growing disquiet" in the Labour Party and Nigel Farage's "side-hustles" lead Sunday's newspapers.BBC News - 5d -
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.The New York Times - 5d -
Reward for capture of Venezuela's Maduro increased to $25 million
The increase to $25 million reflects "the gravity of his crimes and the continued threat he poses," a senior official said.CBS News - 6d -
Will the new presidency affect WFH for federal workers?
Winds of change are blowing, and for federal workers these could bring an end to the widespread remote work policies adopted and enhanced during the pandemic. Recommendations from the new ...The Hill - 6d -
TikTok, Facing a US Ban, Is Also Waging Legal Battles Around the World
TikTok is challenging a possible ban or forced sale to new owners in the United States, but has for several years been waging other fights in at least 20 countries.The New York Times - 6d -
Park City Strike Ends With Increase in Wages for Ski Patrollers
The nearly two-week strike hobbled the largest U.S. ski resort during a busy holiday period and sparked online fury about deepening economic inequality in rural mountain areas.The New York Times - Jan. 9 -
Scott Burton’s Civic Engagement and Eroticism Merge at the Pulitzer
Paradigm-shifter for public art in the ’80s, groundbreaking (and openly queer) performance artist in the ’70s, Burton showed new ways of connecting.The New York Times - Jan. 9 -
Next blames clothes price rises on wage increases set out in Budget
The retailer expects employee costs to increase by £73m due in part to rising National InsuranceBBC News - Jan. 7 -
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New federal rule targets certain gas water heaters: Here’s what you should know
No, it's not a ban on any water heaters.The Hill - Jan. 6 -
Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6 -
Why Pedro Almodóvar believes in euthanasia — and celebrating life
Inspired by the 2020 novel 'What Are You Going Through,' Pedro Almodóvar created a movie that examines mortality.Los Angeles Times - Jan. 6 -
Russell Wilson: I believe in George Pickens
The Steelers offense sputtered throughout Saturday night's 19-17 loss to the Bengals and wide receiver George Pickens had a hand in keeping the unit from finding any momentum.Yahoo Sports - Jan. 5 -
I’ve been waging war on my phone addiction | Rhik Samadder
My progress has been painfully slow, but at last I think I’m winning. A few years ago I found myself in the toilet without my phone and experienced a surge of actual panic. How was I supposed to ...The Guardian - Jan. 5 -
Jimmy Butler suspension: NBPA will file grievance to recoup more than $2M in wages over next seven games
Things are getting extremely contentious in MiamiCBS Sports - Jan. 4 -
The Biggest U.S. Retailers Increased Their Dominance in 2024
Using distinct but overlapping business models, Amazon, Costco, and Walmart captured over half of recent growth in retailing, and are squeezing smaller rivals hard.Inc. - Jan. 3 -
Scott becomes longest-serving Black senator
Sen. Tim Scott (R-S.C.) has become the longest-serving Black senator in U.S. history, as the 119th Congress begins on Friday. Scott was appointed to the Senate in 2012 by then-Gov. Nikki Haley (R) ...The Hill - Jan. 3 -
Tim Scott becomes longest-serving Black senator in US history
Sixty years after Black Americans gained the right to vote, Sen. Tim Scott has made history, becoming the longest-serving African American in the United States Senate.ABC News - Jan. 3 -
Federal official says suspect who drove into New Orleans crowd is believed to be dead
A federal official says the suspect who drove into a crowd on New Orleans' Bourbon Street is believed to be dead. NBC News' Tom Winter has details on the incident and the ongoing investigation.NBC News - Jan. 1
