Treasury secretary nominee Scott Bessent testified in his confirmation hearing that he won't discriminate in tax enforcement and will ensure the IRS has the tools needed for audits.

Scott Bessent, the investor selected by President-elect Donald Trump to be his Treasury secretary, will divest from his Key Square Group hedge fund and other investments, according to a letter to the Treasury Department's ethics office.

Here's what to know about the Treasury secretary pick Bessent, who heads into his confirmation hearing and may become the first Senate-approved LGBTQ+ member in a Republican cabinet.