Scott Bessent, President-elect Trump’s Treasury secretary nominee, said Thursday that he would not support raising the minimum wage. Bessent, if confirmed, would not have the authority to raise ...

During a questioning with Vermont Senator Bernie Sanders, Trump's pick for Treasury Secretary, Scott Bessent, revealed that he does not think the federal minimum wage should be raised and that it ...

Billionaire businessman Scott Bessent, President-elect Donald Trump's pick to lead the Treasury Department, argued that the federal minimum wage should remain at $7.25 an hour.During his ...

Scott Bessent summarized the incoming administration’s perspective perfectly: Yes to tax breaks for the wealthy, no to increasing the minimum wage. Jan. 17, 2025, 9:00 AM EST By Steve Benen ...

Scott Bessent, Donald Trump's pick for Treasury Secretary, ... Bessent also told Sen. Bernie Sanders (I-Vt.) that he is against raising the $7.25 an hour federal minimum wage.

During Bessent's confirmation hearing for the position, Sanders asked him if he would work to raise the federal minimum wage to a living wage. "I believe that the minimum wage is more of a ...

One of those points was that Mr. Bessent is a billionaire investor who believes it would be a bad idea to raise the nationwide federal minimum wage. “I believe that the minimum wage is more of a ...

Scott Bessent, President-elect Trump's pick to lead the Treasury Department, went head to head with Sen. Bernie Sanders, I-Vt., over whether the U.S. is headed toward an oligarchy.

The new minimum-wage rate is equivalent to $30,576 in annual pay, based on a full year of employment and a 40-hour workweek. That will rise from $29,848 in 2024.