Scott Bessent Confirmed as Treasury Secretary in Bipartisan Vote

Bessent becomes the highest-ranking openly gay official in U.S. history and takes on key economic challenges under President Trump’s administration.

The Senate confirmed Scott Bessent as Treasury Secretary with a 68-29 vote, including support from 16 Democrats.
Bessent, a billionaire hedge fund manager and founder of Key Square Group, is the first openly gay individual to hold the Treasury Secretary position.
His priorities include extending the 2017 Trump tax cuts, implementing gradual tariffs, and addressing the $36 trillion national debt.
Bessent emphasized fiscal responsibility, warning of economic instability without renewed tax cuts and pledging to reduce federal spending.
He supports a hawkish stance on China, sanctions on Russian oil firms, and maintaining the U.S. dollar as the global reserve currency.