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President-elect Donald Trump’s nominee to lead the Department of Justice and Treasury Secretary nominee Scott Bessent will sit for Senate confirmation hearings Thursday morning.

Scott Bessent, left, President-elect Donald Trump's choice to be Secretary of the Treasury, arrives with Sen. Lindsey Graham, R-S.C., right, before the Senate Finance Committee for his confirmation hearing,

Why it matters: The procedural and budgetary gambit will free Republicans from the burden of finding the $4 trillion in spending cuts. But deficit hawks, including member of the House Freedom Caucus, haven't completely signed off on the novel approach.

Charleston hedge fund manager Scott Bessent has disclosed assets valued at hundreds of millions while detailing how he'll avoid financial conflicts

This is a collection of photos chosen by AP photo editors.

Extending the 2017 Tax Cuts and Jobs Act is a top economic priority, and failing to keep tax cuts in place will wreak havoc on the middle class, according to President-elect Trump’s pick to lead the Treasury Department, Scott Bessent .

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

President-elect Donald Trump’s choice for Treasury secretary appeared on track for Senate confirmation after a wide-ranging hearing Thursday that included substantial debate on tax policy and how tariffs would affect everyday Americans.