Scott Bessent, President-elect Donald Trump's pick for Treasury Secretary, faced over three hours of questioning from the Senate Finance Committee, with supportive Republicans and critical Democrats in attendance.
Yahoo Finance Senior Reporter Jennifer Schonberger appears on Market Domination to discuss the hearing, highlighting Bessent's defense of extending Trump's 2017 tax cuts and his rationale for tariffs. Bessent also notes his stance on China’s trade practices and his opposition to a central bank digital currency.
Currently, Democrats are voicing concerns that tariffs could harm and adversely affect workers.
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This post was written by Josh Lynch
