Scott Bessent’s confirmation hearing is crucial as he faces questions about his views on taxes, tariffs, and trade, essential for U.S. fiscal policy.
If confirmed, Bessent will have a significant role in managing the Treasury Department, including oversight of the IRS amid ongoing funding challenges.
Trump anticipates Bessent's leadership will be pivotal in resetting the global trade order, implementing tax cuts, and managing national debt while maintaining market confidence.
Bessent's responsibilities as treasury secretary include advising on fiscal policy, managing public debt, and ensuring inflation control amidst a changing economic landscape.
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