Treasury nominee plans to say at confirmation hearing that Trump will unleash 'economic golden age'

U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.” In prepared testimony offered to The Associated Press ahead of the Thursday hearing, Bessent will say that 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. Bessent once worked for Democratic megadonor George Soros.