President-elect Donald Trump’s cabinet nominees focused on boosting domestic oil production and cutting taxes and regulations during their confirmation hearings today.”I believe President Trump has a generational opportunity to create a new economic golden age that will create more jobs, wealth, and prosperity for more Americans,” said Scott Bessent, the nominee for Treasury Secretary.Bessent, a South Carolina billionaire, emphasized cutting federal spending and assured that Medicare and Social Security would not be touched.However, he did not make the same promise for other programs like rural broadband, National Head Start, and Medicaid.”I will get back to you on this,” Bessent said when pressed on the issue.Bessent also faced questions about Trump’s plans to raise tariffs and the potential impact on inflation.”I think that’s baloney! It’s going to be paid for by workers and small businesses. Your response,” said Sen. Ron Wyden, D-Ore.”Senator, I would respectfully disagree,” Bessent replied.Bessent highlighted the importance …
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