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Sunday, December 22, 2024

McConnell supports Bessent's nomination for Treasury Secretary amid economic concerns

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U.S. Senate Republican Leader Mitch McConnell | Mitch McConnell Official website

U.S. Senate Republican Leader Mitch McConnell | Mitch McConnell Official website

U.S. Senate Republican Leader Mitch McConnell recently met with Scott Bessent, who has been nominated by President-elect Trump to serve as Secretary of the Treasury. McConnell shared his thoughts on the meeting and the challenges facing the new administration.

“I was glad to meet today with President-elect Trump’s nominee to serve as Secretary of the Treasury, Scott Bessent," McConnell stated. He expressed concerns about economic issues stemming from what he described as "the Biden Administration’s runaway spending," which he claims resulted in significant inflation.

McConnell emphasized the need for experienced leadership at the Treasury Department, noting, "Righting the ship will require a steady hand and deep expertise." He voiced support for Trump's decision, stating, "The President-elect was right to turn to Mr. Bessent to lead the Treasury Department through this vital work."

Bessent's nomination comes at a time when economic policy is expected to be a focal point for the incoming administration.

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