President-elect Donald Trump (R) announced hedge fund manager Scott Bessent as his nominee for secretary of the Treasury on November 22, 2024. This presidential appointment requires Senate confirmation. The Senate Finance Committee held a confirmation hearing for Bessent on January 16, 2025.

2 days ago · WASHINGTON – Scott Bessent was sworn in as the 79th Secretary of the Treasury by Supreme Court Justice Brett M. Kavanaugh on January 28, 2025. Shortly following the ceremony, Mr. Bessent was welcomed at the doors of the U.S. Treasury at 1500 Pennsylvania Avenue by department employees. Mr. Bessent’s first working day included meetings with senior Treasury officials.As Secretary, Mr ...

Scott Kenneth Homer Bessent (/ ˈ b ɛ s ən t / BESS-ənt; born August 21, 1962) is an American investor and hedge fund manager who has served as the 79th United States secretary of the treasury since January 28, 2025. [1] He was a partner at Soros Fund Management and the founder of Key Square Group, a global macro investment firm. [2] [3]

Jan 16, 2025 · 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.

Jan 16, 2025 · The US is poised to increase sanctions on Russian oil companies in order to force them to the negotiating table with Ukraine, Scott Bessent said, as he criticised the Biden administration for...

3 days ago · WASHINGTON (AP) — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth.

Nov 23, 2024 · WASHINGTON (AP) — President-elect Donald Trump announced Friday that he’ll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary, one of several personnel decisions that he unveiled as he closed out the workweek.

3 days ago · WASHINGTON — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of cutting ...

3 days ago · 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.

Scott Bessent is the secretary of the Treasury in President Donald Trump's (R) second presidential term. Trump announced Bessent's nomination on Nov. 22, 2024.