During the confirmation hearing for Scott Bessent in the Senate this week, Senator Lindsey Graham offered glowing praise to nominee Scott Bessent during his introduction.

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Scott Bessent, left, President-elect Donald Trump's choice to be Secretary of the Treasury, listens to Sen. Lindsey Graham, R-S.C., right, give an introduction to the Senate Finance Committee for his

President-elect Donald Trump’s choice for Treasury secretary appeared on track for Senate confirmation after a wide-ranging hearing Thursday that included substantial debate on tax policy and how tariffs would affect everyday Americans.

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Extending the 2017 Tax Cuts and Jobs Act is a top economic priority, and failing to keep tax cuts in place will wreak havoc on the middle class, according to President-elect Trump’s pick to lead the Treasury Department, Scott Bessent .

U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from Democrats on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.

Why it matters: The procedural and budgetary gambit will free Republicans from the burden of finding the $4 trillion in spending cuts. But deficit hawks, including member of the House Freedom Caucus, haven't completely signed off on the novel approach.

Sen. Lindsey Graham has all but confirmed he will seek a fifth term, despite certain primary opposition, as he raises millions and launches a new campaign team.

— WINNER: The U.S. Secret Service. Yes, a presidential inauguration is probably the most intricately planned, thoroughly secured mass public event in American life. But after two assassination attempts on Trump last year, the beleaguered protective service has gotta be glad Trump will be spending the day in more easily defensible space.

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