Treasury Nominee Plans To Say At Confirmation Hearing That Trump Will Unleash 'economic Golden Age'

U.S. Treasury nominee Scott Bessent plans to say Thursday during his confirmation hearing that President-elect Donald Trump has an opportunity to unleash "a new economic golden age."

According to prepared testimony given to The Associated Press, Bessent will say the U.S. must secure vulnerable supply chains, levy sanctions to address national security concerns "and critically, we must ensure that the U.S. dollar remains the world's reserve currency."

Lawmakers on Capitol Hill are set to question Bessent's stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee.

Trump's choice for treasury secretary is a South Carolina billionaire who, before becoming a Trump donor and adviser, donated to various Democratic causes in the early 2000s, notably Al Gore's presidential run.

He also worked for George Soros, a major supporter of Democrats.