Politics - CBSNews.com
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President-elect Donald Trump's pick to be treasury secretary, Scott Bessent fielded sharp questions Thursday at his confirmation hearing from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS tax filing system.
Bessent told the Senate Finance Committee that the U.S. faces economic calamity if Congress doesn't renew provisions of Trump's 2017 Tax Cuts and Jobs Act. He also argued the Federal Reserve should remain independent from the president's influence and U.S. sanctions on Russian oil should be more aggressive...
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