Treasury Secretary Hearing As It Happened Bessent Warns of Economic Calamity If Congress Fails to Extend Tax Cuts Us Should Increase Sanctions on Russian Oil Companies
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Trump's choice for treasury secretary questioned on the economy
Scott Bessent, President-elect Trump's pick for Treasury Secretary, was pressed about Trump's economic plans at his Senate confirmation hearing. NBC News' Garrett Haake reports.NBC News - 6h -
Trump’s Treasury pick warns unwinding tax cuts would spark ‘economic calamity’
Scott Bessent also tells US senators in heated confirmation hearing that he backs tougher sanctions on Russian oilFinancial Times - 8h -
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 - 8h -
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 -
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 - 6h -
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 - 7h -
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 -
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 - 12h -
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 - 12h -
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 -
U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.CNBC - 15h -
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 - 16h -
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 -
Will the Democrats overcorrect on US economic policy?
Bidenomics’ lasting legacy may depend on Republican successFinancial Times - 19h -
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 -
Watch Live: Marco Rubio faces senators at confirmation hearing for secretary of state
Sen. Marco Rubio, President-elect Donald Trump's pick for secretary of state, is facing questions from his Senate colleagues on Wednesday morning.CBS News - 1d -
Sen. Duckworth says Hegseth's hearing "confirmed that he is not qualified" for defense secretary
Democratic Senators criticized President-elect Donald Trump's pick for defense secretary, Pete Hegseth, during his confirmation hearing on Tuesday. Democratic Sen. Tammy Duckworth of Illinois, an ...CBS News - 2d -
Kristi Noem confirmation hearing for DHS secretary postponed
The confirmation hearing for South Dakota Gov. Kristi Noem (R), President-elect Trump’s pick to lead the Department of Homeland Security (DHS), was postponed by two days. Noem will appear before ...The Hill - 2d -
Biden urges Congress to ‘step up’ on California aid as LA warned of ‘explosive fire growth’ – as it happened
This blog is now closed. You can read our latest story here . Tell us about the financial consequences you are facing due to the California fires Weather forecasters are predicting that the ...The Guardian - 3d -
Confirmation hearing for Trump's VA secretary pick delayed
The confirmation hearing for President-elect Trump's pick for the next the secretary of Veterans Affairs, former Rep. Doug Collins (R-Ga.), has been delayed by a week until Jan. 21. Sen. Jerry ...The Hill - 3d -
US oil group under pressure to exit Russia after Biden widens sanctions
Lawmakers tell SLB, better known as Schlumberger, to quit country or risk penaltyFinancial Times - 3d -
Oil futures settle at a 5-month high as U.S. tightens sanctions on Russian oil
U.S. and global benchmark crude-oil prices settled Monday at their highest since August as investors focused on the potential supply hit from further tightening of U.S. sanctions on Russia’s oil ...MarketWatch - 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 -
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 -
Ukraine war briefing: Zelenskyy hails ‘significant blow’ of US-UK sanctions on Russian oil and gas revenues
Ukrainian president says the less Moscow earns from oil, ‘the sooner peace will be restored’; Kyiv claims attack on Russian military facility. What we know on day 1,053. See all our Ukraine ...The Guardian - 6d -
US and UK toughens sanctions on Russian oil industry
The actions are aimed at cutting off revenue Moscow is using to fund its war in Ukraine.BBC News - 6d -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - 6d -
Biden administration imposes toughest sanctions on Russian oil and gas
Measures targeting Russian energy sector attempt to leverage peace deal for Ukraine in Trump administration. The Biden administration on Friday imposed its broadest package of sanctions yet ...The Guardian - 6d -
US imposes wide-ranging sanctions on Russian oil sector
Move by outgoing Biden administration made in co-ordination with UKFinancial Times - 6d -
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.The New York Times - 6d -
Jeffries: Congress should extend aid to California if necessary
House Minority Leader Hakeem Jeffries (D-N.Y.) said Wednesday that lawmakers are prepared to move quickly on emergency disaster relief if necessary for California as the state battles deadly ...The Hill - Jan. 8 -
Next warns of ‘anaemic’ growth after UK Budget tax increases
Retailer says measures will cost it £67mn in current financial year and warns of potentially chilling effect on economyFinancial Times - Jan. 7 -
GOP memo: Congress likely can't slash certain infrastructure law programs for tax cuts
Politico - 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 -
Isak extends Newcastle hot streak to increase heat on Postecoglou’s Spurs
Ange Postecoglou stood, as he always does, hands in pockets, at the edge of his technical area. It had been another frustrating afternoon, a defeat that means Spurs have now won just one of their ...The Guardian - Jan. 4 -
Sabres Should Extend Surging Forward Right Now
The Sabres forward is making a serious case for a contract extension.Yahoo Sports - Jan. 4 -
Alcohol should carry warning label for cancer risk, US surgeon general says
Advisory warns alcohol is third leading preventable cause of cancer in US and seeks to raise consumer awareness. Alcohol use is the third leading preventable cause of cancer in the US after ...The Guardian - Jan. 3 -
China’s Hack of U.S. Treasury Breached Sanctions Office
The cyberattack reported earlier this week reached into the Office of Foreign Assets Control and the Office of Financial Research, sections of the agency that oversee economic penalties against ...Inc. - Jan. 2 -
Chinese government hackers targeted US Treasury office that administers sanctions – report
Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research. Chinese government hackers breached the US ...The Guardian - Jan. 2
