Top News

Senate Confirms Scott Bessent as Secretary of the Treasury

×

Senate Confirms Scott Bessent as Secretary of the Treasury

Share this article

On January 27, 2025, the U.S. Senate confirmed Scott Bessent as Secretary of the Treasury with a bipartisan vote of 68-29. Bessent, a former hedge fund manager and founder of Key Square Group, is expected to play a significant role in shaping President Trump’s economic policies, particularly in areas like tax cuts and deficit reduction.

Bessent’s confirmation also marks a historic achievement as he becomes the first openly gay Treasury Secretary in U.S. history. In his new role, he plans to focus on extending the 2017 Tax Cuts and Jobs Act, promoting pro-growth policies, and addressing the national debt. His confirmation is viewed as a key step in advancing the Trump administration’s economic agenda.