Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
- U.S. Treasury nominee Scott Bessent called for stronger sanctions on Russia during his confirmation hearing, stating the current sanctions are not muscular enough.
- Bessent emphasized the need to extend provisions of Trump's tax cuts to prevent economic calamity, warning of significant tax increases if not renewed.
- He asserted that the Federal Reserve should remain independent from presidential influence, highlighting the importance of managing national debt.
- Bessent's confirmation hearing included sharp questioning from both parties regarding tax policy and the future of the IRS tax filing system.
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Coverage Details
Total News Sources0
Leaning Left7Leaning Right5Center6Last UpdatedBias Distribution39% Left
Bias Distribution
- 39% of the sources lean Left
39% Left
L 39%
C 33%
R 28%
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