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.
Bessent has said the U.S. faces economic calamity if Congress does not renew key provisions from Trump’s Tax Cuts and Jobs Act that are set to expire Dec. 31, 2025. Negotiating the extension of those tax cuts will be one of Bessent’s major responsibilities even as he pushes for 3 percent annual growth, significant trims to deficits, and increasing domestic oil production by 3 million barrels a day….
Senate Confirms Scott Bessent as Treasury Secretary
