Bessent testifies earlier than the Senate Finance Committee throughout his affirmation listening to for Treasury Secretary within the Dirksen Senate Workplace Constructing in Washington, D.C., on Jan. 16, 2025.
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Chip Somodevilla/Getty Photos
Wall Avenue investor Scott Bessent was confirmed as the following Treasury secretary by the Senate on Monday.
Bessent is a rich hedge fund supervisor who’s seen as a business-friendly selection. He was confirmed by a vote of 68 to 29, signaling a level of bipartisan assist for the brand new Treasury secretary.
As secretary, Bessent can be a number one voice for the administration on financial coverage. He is anticipated to steer the push to increase — and presumably develop — the 2017 tax cuts.
Bessent would be the first overtly homosexual particular person to function Treasury secretary.
