Senate confirms Scott Bessent as Trump's Treasury secretary
Scott Bessent on Monday secured confirmation to lead the Department of the Treasury, putting President Trump’s top economic nominee in place ahead of a daunting GOP push to enact Trump's ambitious economic agenda.
Senators voted 68-29 on Bessent’s nomination.
The chamber had teed up the final vote during a rare Saturday session that top Republicans held as part of their weeks-long process of confirming Trump’s Cabinet choices.
“He brings a wealth of private sector experience in the economy and markets to his new role, as well as the concern for the needs of working Americans,” Senate Majority Leader John Thune (R-S.D.) in his floor remarks on Monday, calling Bessent an “example of the American dream in action.”
Bessent, a billionaire hedge fund manager and investor, faces a number of policy challenges as the new administration tries to move quickly on implementing its economic agenda.
Perhaps the biggest will be coordinating with Congress on the extension of the 2017 Tax Cuts and Jobs Act, significant portions of which expire at the end of this........
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