Tag: Scott

  • Scott Sauerbeck, former pitcher for Pirates, dead at 53

    Scott Sauerbeck, former pitcher for Pirates, dead at 53

    Scott Sauerbeck, a former MLB pitcher who played for four big league teams, died on Wednesday in Florida. He was 53.

    Pittsburgh Baseball Now reported that Sauerbeck suffered a heart attack. He made his major league debut with the Pittsburgh Pirates in 1999. The franchise confirmed the pitcher’s death on Thursday.

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    Scott Sauerbeck of the Cincinnati Reds poses for a portrait during the spring training photo day on February 22, 2008 at Ed Smith Stadium in Sarasota, Florida. (Robert Laberge/Getty Images)

    “The Pirates family mourns the passing of Scott Sauerbeck,” the team wrote on X, formerly known as Twitter. “Scott played for the Bucs from 1999-2003 and shares the club record for most games pitched by a LHP in one season.

    “Our thoughts are with his family and friends during this time.”

    The 2002 season was perhaps Sauerbeck’s most memorable, as his 78 appearances set the Pirates franchise record for most games pitched in a single season. He remains the record-holder.

    DALE EARNHARDT JR. DESCRIBES LEARNING TO ‘EMBRACE’ DAYTONA AFTER FATHER’S DEATH THER

    Sauerbeck landed with the Boston Red Sox via a trade during the 2003 season, later signing with Cleveland. He did not appear in any games in 2004 due to an injury.

    Scott Sauerbeck

    Scott Sauerbeck of the Pittsburgh Pirates pitches during a game against the Milwaukee Brewers at PNC Park on August 18, 2002 in Pittsburgh, Pennsylvania.  (Sporting News via Getty Images via Getty Images)

    A stint with the Athletics in 2006 marked his final run in the majors. Sauerbeck did land a minor league contract with the Cincinnati Reds organization in 2008.

    Scott Sauerbeck

    Scott Sauerbeck of the Cleveland Indians poses for a portrait during photo day at Chain of Lakes Park on March 1, 2005 in Winter Haven, Florida. (Doug Pensinger/Getty Images)

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    Sauerbeck has a 3.82 career ERA and finished with a 20-17 record.

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  • Treasury Sec. Scott Bessent leaves powerful two-word message in Irish airport’s welcome book

    Treasury Sec. Scott Bessent leaves powerful two-word message in Irish airport’s welcome book

    The U.S. Treasury secretary left a straight and to the point message in the welcome book at Shannon Airport in Ireland on Thursday, simply leaving the Trump administration’s two-word motto.

    The plane Treasury Secretary Scott Bessent was traveling on from Kyiv, Ukraine, made a stop at the western Ireland airport to refuel.

    While there, Bessent signed the welcome book, writing, “AMERICA FIRST!”

    FOX Business White House correspondent Edward Lawrence snapped a picture of the page, and above Bessent’s entry was an entry from former Secretary of State Antony Blinken.

    JD VANCE, TREASURY SEC SCOTT BESSENT TO MEET WITH ZELENSKYY AS TRUMP TEAM SETS SIGHTS ON RUSSIA-UKRAINE WAR

    U.S. Treasury Secretary Scott Bessent signed the welcome book at Shannon Airport in Ireland, writing, “AMERICA FIRST!” (Edward Lawrence)

    “To all our friends at Shannon – with gratitude for always making us feel at home away from home,” Blinken wrote, though the date of the entry was not visible in the photo.

    President Donald Trump announced earlier this week that he was sending Bessent to meet with President Volodymyr Zelenskyy.

    ‘LET’S DO A DEAL’: ZELENSKYY CALLS TRUMP’S TERMS ACCEPTABLE FOR SECURITY PARTNERSHIP

    Scott Bessent

    Scott Bessent, founder and chief executive officer of Key Square Group LP, at an interview during the Republican National Convention (RNC) near the Fiserv Forum in Milwaukee, Wisconsin, US, on Tuesday, July 16, 2024. Former President Donald Trump tapped JD Vance as his running mate, elevating to the Republican presidential ticket a venture capitalist-turned-senator whose embrace of populist politics garnered national attention and made him a rising star in the party. (Vincent Alban/Bloomberg via Getty Images)

    “This War MUST and WILL END SOON — Too much Death and Destruction. The U.S. has spent BILLIONS of Dollars Globally, with little to show,” Trump wrote on Truth Social.

    Bessent was expected to speak with the Ukrainian president about sanctions, rare Earth minerals and where U.S. funding has gone.

    Vice President JD Vance was also meeting with Zelenskyy this week, and both meetings were to take place before U.S. envoy Keith Kellogg travels to Ukraine on Feb. 20.

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    Trump tasked Kellogg with hashing out a peace deal with Ukraine and Russia to bring the three-year-long war to an end. Last week Kellogg met with Ukrainian delegates at the State Department. 

    Fox News Digital’s Morgan Phillips contributed to this report.

  • Trump’s love for golf can be ‘very helpful’ in quest to reunite sport, Adam Scott says

    Trump’s love for golf can be ‘very helpful’ in quest to reunite sport, Adam Scott says

    President Donald Trump recently met with members of the PGA Tour, including Tiger Woods, in efforts to get the tour and LIV Golf to finally strike a deal after roughly two years of discussion.

    PGA Commissioner Jay Monahan recently said the tour “asked” Trump “to get involved for the good of the game, the good of the country and for all the countries involved.” 

    Adam Scott, a member of the PGA Tour’s Player Advisory Board, was at the meeting, and echoed the commissioner’s sentiments about their meeting, in which he credited Tiger Woods for kick-starting.

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    Former President Donald Trump plays golf ahead of the LIV Golf Invitational at Trump National Golf Club Bedminster in New Jersey, on Aug. 9, 2023. (Timothy A. Clary/AFP via Getty Images)

    “It was all really positive… it’s just a positive thing that the president of the United States is such a lover of the game of golf and understands some of the challenges facing the professional game at the moment…” Scott told the Golf Channel at Torrey Pines this week ahead of the Genesis Invitational. “He’s a lover of the game and hopefully can be very helpful in getting a resolve for the professional game and help everybody move forward.”

    “It’s pretty easy to tie him to the game of golf. He’s passionate about it, he owns several golf properties, fabulous destinations around the world, and he has a relationship with Saudi Arabia, the Public Investment Fund, and he’s a fan of the PGA Tour as well, certainly a fan of Tiger Woods, like we all are,” Scott added. “Given that this has been tied up in government beliefs, he can be very helpful.”

    Tiger Woods and Donald Trump

    President Donald Trump presents the Presidential Medal of Freedom to Tiger Woods at the White House. (Scott Taetsch-USA Today Sports)

    TIGER WOODS WITHDRAWS FROM GENESIS INVITATIONAL AFTER DEATH OF MOM

    LIV has played at several Trump-owned courses since its first year of play in 2022; the PGA Tour has also made stops at the president’s course, as well.

    Golf star Rory McIlroy said in November he believed Trump becoming president for the second time could help “clear the way” for a deal between the PGA and LIV. 

    Trump LIV Golf

    Former President Donald Trump during the LIV Golf Invitational – DC at Trump National Golf Club on May 27, 2023, in Sterling, Virginia. (Rob Carr/Getty Images)

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    Even former Tour player Brandel Chamblee, who has long opposed LIV Golf, said that after he played a round with Trump, he has since grown to “understand why we acquiesce and need Saudi Arabia as a partner in the Middle East,” and the president made convincing arguments to “[make] me think of Yasir as a partner in the game of golf.”

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  • JD Vance, Treasury Sec Scott Bessent to meet with Zelenskyy as Trump team sets sights on Russia-Ukraine war

    JD Vance, Treasury Sec Scott Bessent to meet with Zelenskyy as Trump team sets sights on Russia-Ukraine war

    Vice President JD Vance will meet with President Volodymyr Zelenskyy on Friday after years of railing against the U.S.’ continued funding of Ukraine in the war against Russia. 

    The vice president will meet with Zelenskyy on the sidelines of the Munich Security Conference, a Vance spokesperson confirmed to Fox News Digital, just ahead of U.S. envoy Keith Kellogg’s trip to Ukraine on Feb. 20. 

    Trump announced on Tuesday he would also send Treasury Secretary Scott Bessent to meet with Zelenskyy in Ukraine. 

    “This War MUST and WILL END SOON — Too much Death and Destruction. The U.S. has spent BILLIONS of Dollars Globally, with little to show,” Trump wrote on Truth Social. 

    ‘LET’S DO A DEAL’: ZELENSKYY CALLS TRUMP’S TERMS ACCEPTABLE FOR SECURITY PARTNERSHIP

    Then-Republican presidential nominee Donald Trump, right, and Ukrainian President Volodymyr Zelenskyy meet at Trump Tower in New York City on Sept. 27, 2024. (REUTERS/Shannon Stapleton/File Photo)

    Bessent is expected to talk about sanctions, rare Earth minerals and where U.S. funding has gone with the Ukrainian leader. 

    Trump tasked Kellogg with hashing out a peace deal with Ukraine and Russia to bring the three-year-long war to an end. Last week Kellogg met with Ukrainian delegations at the State Department.  

    Secretary of State Marco Rubio and Defense Secretary Pete Hegseth are also attending the conference where the Russia-Ukraine war is sure to be a top focal point. 

    RUSSIA SAYS US RELATIONS ‘ON THE BRINK OF A BREAKUP,’ WON’T CONFIRM TRUMP-PUTIN TALK

    The U.S. does not have a concrete plan yet to end the war, contrary to public reporting, and is listening to concerns and proposals from allies, a European official familiar with peace talks told Fox News Digital. 

    “Munich is too soon to unveil a Ukraine peace plan,” the official said. “The negotiations between the principals – Trump, Zelenskyy, Putin – will be tough. All options to end the killing are on the table – the course of action will be Trump’s call. There’s still plenty of room to ramp up sanctions.” 

    Vice President JD Vance will meet with the Ukrainian leader after years of railing against funding

    Vice President JD Vance will meet with President Volodymyr Zelenskyy on Friday after years of railing against the U.S.’ continued funding of Ukraine in the war against Russia. (Getty Images)

    Trump said last week he might meet with Zelenksyy himself in the days ahead. 

    “I will probably be meeting with President Zelenskyy next week and I will probably be talking to President Putin,” Trump said. 

    In an interview with Fox News’ Bret Baier Monday night, Trump emphasized the need for Ukraine to give the U.S. access to its rare Earth minerals in exchange for its defense. He also suggested Ukraine “may be Russian” someday. 

    “They may make a deal, they may not make a deal. They may be Russian some day, or they may not be Russian some day,” Trump mused. 

    “We are going to have all this money in there, and I say I want it back. And I told them that I want the equivalent, like $500 billion worth of rare Earth,” Trump said. “And they have essentially agreed to do that, so at least we don’t feel stupid.”

    TRUMP’S ‘RARE’ PRICE FOR US MILITARY AID TO UKRAINE CALLED ‘FAIR’ BY ZELENSKYY

    Treasury Sec Scott Bessent to travel to Ukraine

    President Donald Trump announced he would send Treasury Secretary Scott Bessent to Ukraine. (Vincent Alban/Bloomberg via Getty Images)

    Both Zelenskyy and Putin have remained opposed to direct talks with each other. Putin is demanding that Ukraine withdraw from regions in the south and east that Kyiv still has control over. Zelenskyy has scoffed at any territorial concessions to Moscow, though he has admitted Ukraine may have to rely on diplomatic means to take back some of its territory. 

    Vance was long at the forefront of opposition to Ukraine aid in the Senate. 

    “I gotta be honest with you, I don’t really care what happens to Ukraine one way or another,” he said in February 2022 as Russia invaded. 

    “Vladimir Putin is not Adolf Hitler. It doesn’t mean he’s a good guy, but he has significantly less capability than the German leader did,” Vance said in an April 2024 speech on the Senate floor.

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    A Munich Security report, released just days before world leaders gather in Germany, said that Trump’s election has turned the U.S. into a “risk to be hedged against.”

    “Without global leadership of the kind provided by the United States for the past several decades, it is hard to imagine the international community providing global public goods like freedom of navigation or tackling even some of the many grave threats confronting humanity,” the report warned. “The US may be abdicating its historic role as Europe’s security guarantor – with significant consequences for Ukraine.”

  • Florida Senator Rick Scott says Trump won because of Democrats’ ‘foolish decisions’

    Florida Senator Rick Scott says Trump won because of Democrats’ ‘foolish decisions’

    Republican Senator Rick Scott credited the Democrats’ “foolish decisions” with propelling President Donald Trump back into the White House.

    “The Democrats are in the stages of a loss. They’re either in the grief stage or the anger stage, but they don’t understand that Donald Trump won the presidency, and part of the reason he won is all the Democrats’ foolish decisions,” the Florida Republican told Fox News’ “The Bottom Line.”

    Scott went on to say that Trump won on a pledge to make government accountable and transparent, and he claimed that the president and Department of Government Efficiency (DOGE) chair Elon Musk are fulfilling that promise. 

    The senator said Democrats were frustrated by Trump and Musk’s efforts to reform the government. 

    Florida Sen. Rick Scott praised Elon Musk’s management of DOGE. 

    ELON MUSK SLAMS ‘MEAN’ PODCAST HOSTS FOR CALLING DOGE EMPLOYEES ‘ARROGANT LITTLE PR—S’ AMONG OTHER THINGS

    Musk announced a series of “super obvious” changes that the US treasury and DOGE jointly agreed to on Saturday. Among them was requiring the treasury to add a “payment authorization code” and rationale to all outgoing payments and strengthening implementation of the DO-NOT-PAY list to ensure federal funds aren’t going to terrorist fronts and other fraudsters.

    President Donald Trump predicted that Musk is likely to find hundreds of billions of dollars in “fraud and abuse” once DOGE sets its sights on The Department of Education and Pentagon, in a pre-Superbowl interview with Fox News’ Bret Baier.

    Trump victory speech

    President Trump predicted that Musk will find hundreds of billions of dollars in fraud and abuse.  (Joe Raedle/Getty Images / Getty Images)

    “The amount of waste is staggering,” Sen. Scott said.

    DEMOCRATIC AGS FROM 19 STATES SUE TRUMP ADMIN OVER DOGE ACCESS TO SENSITIVE, PERSONAL DATA AT TREASURY

    “Elon Musk is doing a great job, Donald Trump is doing a great job, and the Democrats cannot believe that all their failure, all their fraud and all their waste is being exposed, and it’s going away.”

    Elon Musk

    Elon Musk announced a series of “super obvious” changes the treasury and DOGE jointly agreed to.  (om Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)

    When asked if there were any Democrats willing to work with the GOP on reducing waste and fraud in federal spending, Scott said “there weren’t many.”

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    “It’s nice that people will say some nice things, but they gotta vote with us,” the senator said.

  • Treasury Secretary Scott Bessent calls for Trump tax cuts to be made permanent

    Treasury Secretary Scott Bessent calls for Trump tax cuts to be made permanent

    Treasury Secretary Scott Bessent on Wednesday signaled that the White House wants Trump’s tax cut package from 2017 to be extended permanently before their expiration this year, rather than a temporary extension.

    Bessent appeared on FOX Business Network’s “Kudlow” for an exclusive interview with host Larry Kudlow and addressed reports that Republicans in Congress are considering opting for a five or 10-year extension of the tax cuts to help comply with reconciliation rules, rather than making them permanent.

    “President Trump has a mandate. He came in to do big things. And one of the big things that this administration wants to do is make the 2017 Tax Cuts and Jobs Act permanent – and that permanency will continue to make the U.S. the number one economy in the world,” Bessent said.

    “We’re going to bring down inflation, we’re going to cut regulations, and we’re going to get the tax cut. The goal is still for them to be made permanent,” he added.

    TRUMP OUTLINES TAX CUT PLANS, TELLS WORLD ECONOMIC FORUM ‘MAKE YOUR PRODUCT IN AMERICA’

    Treasury Secretary Scott Bessent, left, is calling for Congress to make President Donald Trump’s tax cuts permanent. (Chris Kleponis/CNP/Bloomberg via Getty Images / Getty Images)

    Secretary Bessent went on to say that the Trump administration plans to use “current policy scoring” for the bill to help it move through Congress.

    The nonpartisan Congressional Budget Office (CBO) is responsible for scoring tax and spending legislation for its budget impact over time. CBO is currently required to use a current law baseline, which assumes that laws set to expire at a certain point in time do so at that time, when analyzing legislation or making budget projections. A current policy baseline would assume that certain laws are extended even if the law says they are due to expire.

    “Up until a year ago, I was a civilian, I’ve been looking at CBO numbers for 35 years in my day job in the investment business, but I never understood the way this scoring worked. And it is tilted toward spending, and that’s why the spending has gotten out of control here in Washington,” he said.

    PRESIDENT TRUMP FACES KEY FISCAL DEADLINES AS SECOND TERM BEGINS

    Scott Bessent

    Bessent said that Republicans need to come together on the tax bill to avoid the largest tax cut in U.S. history. (DOMINIC GWINN/Middle East Images/AFP via Getty Images / Getty Images)

    Congressional rules for budget reconciliation allow bills to bypass the Senate’s 60-vote threshold to overcome the legislative filibuster – but the bill can’t contain non-budget related provisions and can’t increase budget deficits beyond a set amount in a 10-year budget window.

    To comply with those rules, the Tax Cuts and Jobs Act contained some provisions that were permanent, such as the lower corporate tax rate, while other provisions were made temporary with several key policies set to elapse at the end of this year. 

    SCOTT BESSENT CONFIRMED BY SENATE TO SERVE AS TRUMP’S TREASURY SECRETARY

    Donald Trump signs tax cut law

    President Donald Trump signed the Tax Cuts and Jobs Act into law in 2017. Some of its key provisions are set to expire at the end of 2025. (Jabin Botsford/The Washington Post via Getty Images / Getty Images)

    Notable provisions that are due to expire at the end of 2025 include those that lowered personal income tax rates, nearly doubled the standard deduction that most taxpayers claim when filing and expanded the child tax credit, among other items.

    Bessent said that failing to extend the tax cuts would result in the largest tax hike in history, which would have a negative impact on the U.S. economy and Americans while also hurting the budget deficit through reduced growth.

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    “What’s going to blow not only a hole in the budget deficit, in the economy and in the lifestyles of working class Americans [is] if we do not get this tax bill done,” Bessent explained. “As I said in my Senate hearings, this is pass-fail for our side of the aisle, and we will have the largest tax hike in history – the largest tax hike in history – and that will be on the people on our side who do not try to move this forward.”

  • ‘STOP MADNESS’: Tools to sanction bad actors ‘fueling’ illegal immigration is focus of Scott, Moreno bill

    ‘STOP MADNESS’: Tools to sanction bad actors ‘fueling’ illegal immigration is focus of Scott, Moreno bill

    FIRST ON FOX: Republican Sens. Tim Scott and Bernie Moreno rolled out a measure to provide President Donald Trump with tools to sanction bad actors “fueling” illegal immigration, Fox News Digital has learned. 

    Scott, R-S.C., and Moreno, R-Ohio, rolled out the Stop Madness Act on Monday, which they said would give the president the power to place economic sanctions on foreign entities facilitating illegal immigration into the United States. 

    HERE’S WHAT HAPPENED DURING PRESIDENT TRUMP’S SECOND WEEK IN OFFICE

    Republican Sens. Tim Scott, pictured here, and Bernie Moreno rolled out a measure to provide President Donald Trump with tools to sanction bad actors “fueling” illegal immigration.  (Justin Sullivan/Getty Images)

    Specifically, the bill would ensure the president can impose sanctions on foreign governments that refuse to accept the return of their citizens who have unlawfully entered the U.S. — denying them access to the U.S. financial system. 

    The bill also would sanction individuals and entities that knowingly facilitate unlawful immigration, including human smuggling networks and financial institutions that enable their operations.

    Bernie Moreno

    Bernie Moreno said the bill will give the president “all the authority he needs to apply maximum pressure against corrupt  individuals within foreign governments who refuse to allow the US to secure our borders.”  (Reuters)

    TRUMP-ERA SOUTHERN BORDER SEES MIGRANT ENCOUNTERS PLUMMET BY OVER 60% AS NEW POLICIES KICK IN

    It would also authorize Trump to invoke his authorities under the International Emergency Economic Powers Act (IEEPA) to block assets and restrict transactions related to sanctioned individuals and entities. 

    ‘THIS IS ABOUT FENTANYL’: TARIFFS ARE CRUCIAL TO COMBATING ‘DRUG WAR,’ TRUMP AND CABINET OFFICIALS SAY

    The bill also would mandate a report from the president on actions taken pursuant to the bill, providing transparency to Congress for further legislative action.

    “If a foreign entity shows resistance to repatriation or enables illegal immigration to the United States, they should be met with the full force of our economic and national security tools,” Scott told Fox News Digital on Monday. “The American people gave President Trump — and Congress — a mandate to crack down on illegal immigration, and this bill will ensure the president has important tools to hold accountable countries and criminal organizations who refuse to comply with our immigration laws.” 

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    Scott added: “I’m proud to lead this important effort to help protect the safety of Americans.” 

    Moreno told Fox News Digital that the bill will give the president “all the authority he needs to apply maximum pressure against corrupt  individuals within foreign governments who refuse to allow the US to secure our borders.” 

    “Socialist dictators like Gustavo Petro are going to learn they have two options with President Trump when it comes to migrant reparations: the easy way and the hard way,” Moreno told Fox News Digital. 

  • Trump names Treasury Secretary Scott Bessent as acting CFPB director

    Trump names Treasury Secretary Scott Bessent as acting CFPB director

    Treasury Secretary Scott Bessent will serve as the acting director of the Consumer Financial Protection Bureau (CFPB), the agency announced on Monday.

    “I look forward to working with the CFPB to advance President Trump’s agenda to lower costs for the American people and accelerate economic growth,” Bessent said.

    The CFPB’s announcement noted that President Donald Trump designated Bessent as the agency’s acting director on Friday. Former CFPB Director Rohit Chopra wrote in a letter published Saturday that he was no longer serving as the agency’s director.

    This is a developing story. Please check back for updates.

  • Olympic medalist Scott Hamilton recalls final meeting with champion Russian skaters days before plane crash

    Olympic medalist Scott Hamilton recalls final meeting with champion Russian skaters days before plane crash

    Olympic gold medalist Scott Hamilton held back tears on Friday as he remembered the victims from the figure skating community who died after an American Airlines flight traveling from development camp in Kansas to Washington, D.C., collided with an Army helicopter in midair late Wednesday night. 

    The four-time men’s singles world champion spoke fondly of the victims during an appearance on TODAY but called the reality of this week’s tragedy “overwhelming.” 

    Figure Skater Scott Hamilton of the United States competing in the figure skating competition in the XIV Olympic Winter Games circa 1984 in Sarajevo, Bosnia. ( Focus on Sport/Getty Images)

    “For this to happen just days after those championships were over is just devastating, shocking – it just doesn’t make any sense. . . .We’re no stranger to tragedy but this was just beyond devastation.”

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    Officials have said that 14 skaters, coaches and family members were aboard American Airlines Flight 5342 when it collided with a UH-60 Black Hawk helicopter near Reagan Washington National Airport, near D.C., at around 9 p.m. local time. 

    Many of the victims have been identified, including Evgenia Shishkova and Vadim Naumov, the renowned ice skating coaches who won a world championship title together in 1994. 

    Evgenia Shishkova and Vadim Naumov of Russia execute

    World champions Evgenia Shishkova and Vadim Naumov of Russia execute a throw during the pairs short competition at the World Figure Skating competition in Edmonton, Alberta, Canada, on March 19, 1996.  (Dave Buston/The Canadian Press via AP, File)

    YOUNG FIGURE SKATING SISTERS FROM VIRGINIA AMONG VICTIMS KILLED IN DC PLANE CRASH

    Hamilton became emotional when he spoke of the couple, who settled in America to become coaches following their successful career, which culminated in two Olympic appearances. He saw them just days before the crash while attending the U.S. Figure Skating Championships in Kansas.

    “I actually sat with them for a nice visit in Wichita,” Hamilton recalled Friday.”

    “To think that they’re gone is, um, I can’t wrap my head around the last 36 hours. It’s just been devastating, and the loss is just beyond description. My heart is shattered.” 

    Evgenia Shishkova and Vadim Naumov

    Evgenia Shishkova and Vadim Naumov of Russia perform during free skating in the pairs event of the NHK Trophy International Figure Skating Competition at Nagoya, Japan, on Dec. 9, 1995. AP Photo/Shizuo Kambayashi, File

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    Shishkova and Naumov married in Saint Petersburg, Russia, in 1995, and they moved to Connecticut. They had a son, Maxim, who competed in men’s singles in the U.S. He was in Kansas but did not travel back with his parents. The Russian pair were coaches for the Skating Club of Boston.

    Sixty passengers and four crew members on the American Airlines plane and three soldiers aboard a training flight on the helicopter are presumed dead. 

    The Associated Press contributed to this report.

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  • Scott Bessent confirmed by Senate to serve as Trump’s treasury secretary

    Scott Bessent confirmed by Senate to serve as Trump’s treasury secretary

    The Senate on Monday voted to confirm Scott Bessent to serve as treasury secretary following his nomination to the role by President Donald Trump.

    Bessent was confirmed on a 68-29 vote by the full Senate. 

    Bessent, 62, is the founder and CEO of global macro investment firm Key Square Group, which he has said he would wind down if confirmed as treasury secretary. The firm focused on macro investing, which is a strategy that leverages geopolitical and macroeconomic information to guide its approach to investing in various markets.

    He served as a key economic policy advisor and fundraiser for the Trump campaign. Bessent has been an advocate for economic policies such as lower taxes, spending restraint and deregulation that have long made up the core of the Republican Party’s platform, and has also been supportive of Trump’s use of tariffs in trade negotiations.

    TRUMP TREASURY PICK: EXTENDING TRUMP TAX CUTS ‘SINGLE MOST IMPORTANT ECONOMIC ISSUE’

    The Senate voted to confirm billionaire hedge fund founder Scott Bessent as Trump’s treasury secretary. (Chen Mengtong/China News Service/VCG via Getty Images / Getty Images)

    During his confirmation hearings, Bessent said that extending the Trump tax cuts is the “single most important economic issue of the day,” warning a failure to do so would result in a “gigantic” tax increase on middle class Americans due to the expiration of lower tax brackets and a larger standard deduction claimed by most taxpayers.

    “If we do not renew an extension, then we will be facing an economic calamity,” Bessent said. “And, as always, with financial instability, that falls on the middle and working class.”

    TRUMP’S TREASURY PICK BESSENT WON’T DISCRIMINATE ON TAX CHEATS, VOWS FAIRNESS

    Bessent said in his opening remarks that “President Trump has a generational opportunity to unleash a new economic golden age that will create more jobs, wealth and prosperity for all Americans.”

    “We must secure supply chains that are vulnerable to strategic competitors, and we must carefully deploy sanctions as part of a whole-of-government approach to address our national security requirements,” Bessent added. “And critically — critically — we must ensure that the U.S. dollar remains the world’s reserve currency.”

    TRUMP’S TREASURY NOMINEE TURNS TABLES ON SANDERS IN TESTY EXCHANGE ABOUT BIDEN’S ‘OLIGARCHY’ COMMENTS

    Scott Bessent

    The Senate Finance Committee previously advanced Bessent’s nomination on a bipartisan 16-11 vote. (Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)

    The Senate Finance Committee advanced Bessent’s nomination to the full Senate with a bipartisan vote of 16 to 11 on Jan. 21, the day after Trump’s inauguration. Sens. Mark Warner, D-Va., and Maggie Hassan, D-N.H., were the Democratic senators who joined all of their Republican colleagues in voting to advance his nomination.

    During the presidential campaign, Bessent touted what he called the “3-3-3” plan that was modeled off the late Japanese Prime Minister Shinzo Abe’s “three arrows” idea. 

    Bessent argued for setting a goal of achieving 3% real economic growth, cutting the budget deficit to 3% of gross domestic product (GDP) by 2028, and increasing U.S. energy production to the equivalent of an additional 3 million barrels of oil per day.

    TREASURY SECRETARY NOMINEE SCOTT BESSENT’S ‘3-3-3’ PLAN: WHAT TO KNOW

    Scott Bessent

    Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.  (Stefani Reynolds/Bloomberg via Getty Images / Getty Images)

    The role of treasury secretary carries a great deal of significance for conducting the president’s economic agenda.

    Treasury secretaries often lead negotiations with Congress over tax and spending matters. They also play a key role in dealing with foreign governments and financial institutions, as well as handling the operations of the Treasury Department and sub-agencies like the Internal Revenue Service (IRS).

    During Trump’s first term as president, Steven Mnuchin served as treasury secretary for the duration of the four-year term after he was confirmed by the Senate on a 53-47 vote a few weeks after Inauguration Day. 

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    Mnuchin served as a key negotiator with Congress on the debt limit, tax and spending policies, as well as COVID relief packages that were enacted in 2020 after the pandemic began.

    Fox News Digital’s Diana Stancy contributed to this report.