Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts

The U.S. Senate confirmed billionaire investor Scott Bessent as President Donald Trump's treasury secretary. He faces the task of balancing tax cuts and deficit reduction, while considering tariffs that may affect growth. Concerns include unpaid tax liabilities and handling the U.S. debt. Bessent also supports aggressive sanctions on Russian oil.

28 Jan 2025 6:46 am