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Treasury Nominee Scott Bessent Challenges Sen. Bernie Sanders Over Biden's Honors for Wealthy Individuals

  • Treasury Secretary nominee Scott Bessent challenged independent Vermont Senator Bernie Sanders during a confirmation hearing by referencing President Joe Biden's praise of certain billionaires as oligarchs.
  • Sanders questioned Bessent about the influence of billionaires like Elon Musk and Mark Zuckerberg, citing Biden's warning about an emerging oligarchy in America.
  • Bessent pointed out that Biden awarded the Presidential Medal of Freedom to George Soros and David Rubenstein, whom he labeled as oligarchs.
  • Sanders expressed concern over the concentration of political power among a few billionaires, echoing Biden's statement about the threat to democracy.
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