The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary.

Scott Bessent was sworn in as Treasury Secretary on Tuesday, taking the helm of one of the government agencies most critical to President Donald Trump’s sweeping economic agenda.

The Senate confirmed Scott Bessent as Treasury secretary on Monday, elevating the hedge fund manager to the new administration’s top financial job as President Donald Trump forges ahead on an ambitious economic agenda.

Wall Street investor Scott Bessent was confirmed as the next Treasury secretary by the Senate on Monday. Bessent is a wealthy hedge fund manager who’s seen as a business-friendly choice. He was confirmed by a vote of 68 to 29, signaling a degree of bipartisan support for the new Treasury secretary.

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to become the next Treasury secretary and enact the Trump administration's economic agenda of tax cuts and tariffs.

The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth.

Former hedge fund manager Scott Bessent was confirmed yesterday in the Senate as the new Treasury Secretary. The 62-year-old Tr*mp nominee becomes the first out-gay man to hold the position. He’s also the highest-ranking LGBTQ+ official in US history.

Donald Trump’s gay nominee for secretary of the Treasury, Scott Bessent, who lives in Charleston, South Carolina with his husband and family, is the first Senate-approved LGBTQ+ member in a Republican cabinet.