WASHINGTON (AP) — U.S. Treasury nominee Scott Bessent has told his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.” In testimony, Bessent said Thursday that the U.S. must secure vulnerable supply chains, levy sanctions to address national security concerns, and “ensure that the U.S. dollar remains the world’s reserve currency.” Lawmakers on Capitol Hill are questioning Bessent’s stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee. Bessent once worked for Democratic megadonor George Soros.
