Home » US Senate Confirms Scott Bessent as Treasury Secretary

US Senate Confirms Scott Bessent as Treasury Secretary

by Marko Florentino
0 comments


WASHINGTON (Sputnik) – The US Senate has supported the appointment of hedge fund manager Scott Bessent as the country’s new Treasury Secretary, according to the vote count.

According to online vote count, Bessent has already received more than 60 out of 100 votes from senators, which provides him with the necessary majority for confirmation.

At the hearing on January 16, Bessent spoke in favor of tightening sanctions against Russia, especially in the oil sector, to pressure Moscow to reach a peace agreement on Ukraine. He also supported the introduction of restrictions on the supply of goods from China.
 A symbolic BRICS  banknote. File photo - Sputnik International, 1920, 23.01.2025

Trump’s 100% BRICS Tariff Pledge: Could US Face a Backlash?
Bessent also said that the US dollar should retain its status as the world’s reserve currency, but warned of uncontrolled federal budget spending that could lead to an economic crisis and a record tax increase in the US by the end of 2025.





Source link

You may also like

Leave a Comment

NEWS CONEXION puts at your disposal the widest variety of global information with the main media and international information networks that publish all universal events: news, scientific, financial, technological, sports, academic, cultural, artistic, radio TV. In addition, civic citizen journalism, connections for social inclusion, international tourism, agriculture; and beyond what your imagination wants to know

RESIENT

FEATURED

                                                                                                                                                                        2024 Copyright All Right Reserved.  @markoflorentino