According to Politico, U.S. Senate Democrats are circulating a memo alleging that President-elect Donald Trump's nominee for secretary of the Treasury Scott Bessent improperly reported nearly $2 million in tax losses and owed nearly $1 million in taxes related to his hedge fund. This gives them ready-made ammunition as Bessant will be hearing before the Finance Committee on Thursday.

According to Politico, U.S. Senate Democrats are circulating a memo alleging that President-elect Donald Trump's nominee for secretary of the Treasury Scott Bessent improperly reported nearly $2 million in tax losses and owed nearly $1 million in taxes related to his hedge fund. This gives them ready-made ammunition as Bessant will be hearing before the Finance Committee on Thursday.