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Senate confirms Scott Bessent as Trump’s Treasury secretary

  • The U.S. Senate confirmed Scott Bessent as Treasury Secretary on January 27, 2025, with a vote of 68-29, including support from 16 Democrats.
  • Bessent is the first openly gay Treasury Secretary, tasked with extending tax cuts and managing economic policies under President Donald Trump.
  • Bessent faces challenges like rising budget deficits and a debt limit, declaring that failure to renew tax cuts would be a "calamity" for middle-class Americans.
  • He committed to maintaining the IRS' direct file program and ensuring no default on his watch during his confirmation hearing.
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