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.”

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.

President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent, said he "100%" supports raising sanctions on Russian oil producers if the future president requests doing so.

Treasury secretary nominee Scott Bessent told senators Thursday he would be “100 percent on board” with increasing sanctions on Russia’s major oil companies if President-elect Trump supports that

A more aggressive approach to Russian sanctions could involve stricter enforcement of secondary measures, targeting European shipping firms and Asian buyers, including major players in China and India

Bessent told lawmakers that President-elect Donald Trump has an opportunity to unleash 'a new economic golden age'

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,

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.

Crude oil futures rise on supply concerns and winter demand, while focus turns to how the incoming Trump Administration will handle new sanctions on Russia's oil sector.

Rystad Energy analysis shows that U.S. shale producers are prioritizing capital discipline over growth, and Trump administration policies are unlikely to significantly change this trend.

Their exchange on the minimum wage shows two views of the world.