Trump's Treasury pick to tout "new economic golden age"

What he's saying: "I was born and raised in the South Carolina Low Country," Bessent is planning to tell the committee in his opening statement, shared with Axios. "My father fell into extreme financial difficulty when I was young. When I was 9 years old, I started working two summer jobs and I haven't stopped working since."

• "My life has been the 'only in America' story that I am determined to preserve for future generations."

Zoom in: Bessent will say the U.S. "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. And critically, we must ensure that the U.S. dollar remains the world's reserve currency."

• "[W]e can usher in a new, more balanced era of prosperity that will lift up all Americans and rebuild communities and families across the country."

What to watch: Bessent is scheduled to appear before the Senate Finance committee at 10:30 a.m. ET.

Go deeper: What to know about Scott Bessent, Trump's Treasury pick