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.
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ScottBessent,President-electTrump’snomineetoleadtheTreasuryDepartment,sparredwithSen.BernieSanders,I-Vt.,overwhethertheU.S.isheadingtowardanoligarchy.
OnWednesday,PresidentBidensaidinhisfarewelladdressthat“anoligarchyistakingshapeinAmericaofextremewealth,powerandinfluencethatliterallythreatensourentiredemocracy,ourbasicrights,freedomsandafairshotforeveryonetogetahead.”
Inresponse,SanderssaidheagreedwithBidenandspecificallycalledouttechgiantsElonMusk,JeffBezosandMarkZuckerbergduringBessent’sconfirmationhearingThursdaybeforetheSenateFinanceCommittee.
“Thethreebillionairesyoulistedallmadetheirmoneythemselves,”Bessentsaid.“Mr.Muskcametothecountryasanimmigrant.”
GETTOKNOWDONALDTRUMP’SCABINET:WHOHASTHEPRESIDENT-ELECTPICKEDSOFAR?
SanderscutBessentoffandreiteratedhisquestion.