Senate Confirms Scott Bessent as Treasury Secretary

Bessent, a billionaire investor, was confirmed in a 68–29 vote.

President-elect Donald Trump's nominee for Treasury Secretary, Scott Bessent, testifies before the Senate Committee on Finance on Capitol Hill in Washington on Jan. 16, 2025. Madalina Vasiliu/The Epoch Times

The Senate on Jan. 27 confirmed Scott Bessent’s nomination for Treasury secretary in a 68–29 vote, putting him in a key role for implementing President Donald Trump’s tariff and growth agenda.

The billionaire investor will be spearheading Trump’s plan of cutting taxes and curbing deficits, while putting forward a tariff plan that also facilitates growth.