Treasury Secretary nominee Scott Bessent said he would support hiking sanctions against Russia if President-elect Donald Trump directs him to do so and accused President Joe Biden of playing politics on sanction policy.

Bessent’s statements at the hearing, during which he spoke on a range of issues, constituted a comprehensive presentation of the incoming administration’s plans for the US economy.

U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”

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

Scott Bessent faced questioning by lawmakers from the Senate Finance Committee earlier Thursday as part of his confirmation hearing as a Trump Cabinet nominee. With President-elect Donald Trump's proposed tariff policies making waves ahead of his re-entry into the White House,

Donald Trump's Treasury secretary nominee Scott Bessent said Thursday he would support tightening sanctions on Russia if the incoming president saw it as a way toward ending the war in Ukraine.

Treasury Secretary nominee Scott Bessent outlined a three-pronged approach to tariffs during his Senate testimony this week, including targeted tariffs, general tariffs as revenue generators and tariffs as a negotiation tool.

Asked whether Congress should abandon the federal debt ceiling, Bessent said that if Trump requested that, he would work with Congress to make it happen

In a new memo obtained by NBC News, Senate Finance Democratic tax staff found that Scott Bessent avoided over $950,000 of self-employment taxes.

Bessent said he believed Trump's presidency would help "unleash a new economic golden age," which could include more jobs and wealth for Americans.

At his confirmation hearing before the Senate on Thursday, incoming US Treasury Secretary Scott Bessent said he stood ready to strengthen sanctions against Russia and in particular the Russian oil sector.