Published January 27, 2025 6:09pm EST
Scott Bessent confirmed by Senate to serve as Trump's treasury secretary
Bessent was a key economic advisor to Trump's campaign and is the founder of macro investment firm
By Eric Revell FOXBusiness
The Senate on Monday voted to confirm Scott Bessent to serve as treasury secretary following his nomination to the role by President Donald Trump.
Bessent was confirmed on a 68-29 vote by the full Senate. Over a dozen Democrats voted in favor of Bessent‘s confirmation, including Sens. Lida Blunt Rochester of Delaware, Cory Booker of New York, Chris Coons of Delaware, John Fetterman of Pennsylvania, Ruben Gallego of Arizona, Kirsten Gillibrand of New York, Tim Kaine of Virginia, Mark Kelly of Arizona, Maggie Hassan of New Hampshire, John Hickenlooper of Colorado, Gary Peters of Michigan, Elisa Slotkin of Michigan, Cynthia Shaheen of New Hampshire, and Mark Warner of Virginia.
Bessent, 62, is the founder and CEO of global macro investment firm Key Square Group, which he has said he would wind down if confirmed as treasury secretary. The firm focused on macro investing, which is a strategy that leverages geopolitical and macroeconomic information to guide its approach to investing in various markets.
He served as a key economic policy advisor and fundraiser for the Trump campaign. Bessent has been an advocate for economic policies such as lower taxes, spending restraint and deregulation that have long made up the core of the Republican Party's platform, and has also been supportive of Trump's use of tariffs in trade negotiations.
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https://www.foxbusiness.com/politics/scott-bessent-confirmed-senate-serve-trumps-treasury-secretary
