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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 .

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.

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U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS

Thank you so much for following these verdicts in this historic trial this morning. We are closing the liveblog now, but we will continue to update our coverage throughout the day. Find all are ...

Scott Bessent, US Treasury nominee, faces scrutiny from Democrats on tax policy and national debt during Senate Finance Committee hearing.