Senate Finance Committee Chairman Mike Crapo on Wednesday said he is hoping a full Senate confirmation vote for U.S. President Donald Trump's pick as Treasury secretary, Scott Bessent, could occur next week.

Tuesday to support Scott Bessent’s nomination as Treasury Secretary, clearing the way for his confirmation on the Senate floor as soon as this week. All of the panel’s Republicans voted yes, along wit

IRS Commissioner Daniel Werfel says he intends to step down from his position on President-elect Donald Trump’s Inauguration Day.

The Senate Finance Committee on Jan. 21 advanced the nomination of Scott Bessent, President Donald J. Trump’s pick for Treasury secretary, in a 16-11 vote. All 14 committee Republicans and two Democrats supported Bessent’s nomination, which will now head to the full Senate for consideration.

The creation of a separate department will likely need congressional support, though Trump could try to establish the department within a different existing agency.

U.S. President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.

The hedge fund manager and Trump advisor also lent support to the idea of reconsidering deposit insurance limits for some kinds of accounts, such as those used for payrolls.

Despite vows to shrink the federal government, the President-elect wants to create a new agency for these taxes, even though the Commerce Department and the Customs and Border Patrol now handle these levies.

Trump said on social media that the new department would be created on his first day when he takes office on January 20.

Treasury Secretary nominee Scott Bessent answered questions on taxes, tariffs and more during his confirmation hearing Thursday.

He compared his planned creation to the Internal Revenue Service, which is the nation ... Ron Wyden, the top Democrat on the Senate Finance Committee, said in a statement.

WASHINGTON - US President-elect Donald Trump said on Jan 14 that he will create a new government agency called the External Revenue Service ... on the Senate Finance Committee, blasted Trump ...