The stakes have never been higher, but with Bessent at the helm of the Trump economic team, a brighter future is within reach.

Ronald Reagan had his “ Miss Rosy Scenario ” and “ magic asterisks ” to make his deficit numbers seem better than they actually were. Every Republican president since has used (and abused) a famous napkin sketch to pretend that tax cuts always pay for themselves.

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.”

Nominee for U.S. Treasury secretary, Scott Bessent, is expected to declare during his confirmation that Trump will usher in "a new economic golden age."

Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.

This is a collection of photos chosen by AP photo editors.

Scott Bessent's critic in Catherine Rampell is too pessimistic, while Bessent is arguably not optimistic enough.

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.

President-elect Donald Trump (R) announced hedge fund manager Scott Bessent as his nominee for secretary of the Treasury on November 22, 2024. This presidential appointment requires Senate confirmation. The Senate Finance Committee held a confirmation ...

President Trump is expected to attend an inaugural prayer service at Washington National Cathedral, meet with Republican leaders, and continue to work on executive and congressional actions on Day

The Senate has confirmed Marco Rubio as secretary of state, giving President Donald Trump the first member of his Cabinet. The vote was unanimous.