Scott Bessent's wise comments on tariffs, taxes, spending, and debt calmed investors and sent markets soaring.
In a new memo obtained by NBC News, Senate Finance Democratic tax staff found that Scott Bessent avoided over $950,000 of self-employment taxes.
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
Trump's picks to lead four federal agencies testified without the flashes of anger that marked Pete Hegseth and Pam Bondi's earlier showdowns.
The Senate will continue confirmation hearings for President-elect Donald Trump's Cabinet nominees on Thursday, featuring several high-profile candidates.