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Senate Confirms Scott Bessent As Treasury Secretary

Scott Bessent Donald Trump IRS United States Tax Cuts Deficit Economic Growth

Scott Bessent, President-elect Donald Trump's choice to be Secretary of the Treasury, poses for a photo with Cabinet picks, other nominees and appointments, at the National Gallery of Art in Washingto

The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump's treasury secretary. Bessent will face the challenging task of balancing tax cuts and deficit reduction while navigating tariffs to ensure economic growth.

Bessent's confirmation received bipartisan support, with a 68 to 29 vote in the Senate, including 16 Democrats backing the Republican nominee. Notably, Bessent will be the first openly gay individual to hold this position, marking a historic milestone in the role.

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