<p>On Monday, the GOP-led <a href="https://www.dailywire.com/topic/u-s-senate" target="_blank" rel="noopener">Senate</a> confirmed the nomination of hedge fund manager <a href="https://www.dailywire.com/topic/scott-bessent" target="_blank" rel="noopener">Scott Bessent</a> to become U.S. Treasury Secretary in President <a href="https://www.dailywire.com/topic/donald-trump" target="_blank" rel="noopener">Donald Trump</a>&#8216;s second term.</p>
<p>The vote was 68-29 with some Democrats joining Republicans in supporting Bessent.</p>
<p>&#8220;Scott Bessent brings a wealth of private-sector experience in the economy and markets to his new role, as well as a concern for the needs of working Americans,&#8221; Senate Majority Leader John Thune (R-SD) said on X. &#8220;I am committed to working with Mr. Bessent and the Trump administration to continue to protect American businesses.&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Scott Bessent brings a wealth of private-sector experience in the economy and markets to his new role, as well as a concern for the needs of working Americans.</p>
<p>I am committed to working with Mr. Bessent and the Trump administration to continue to protect American businesses. <a href="https://t.co/MUY577Y77b">pic.twitter.com/MUY577Y77b</a></p>
<p>&mdash; Leader John Thune (@LeaderJohnThune) <a href="https://twitter.com/LeaderJohnThune/status/1883962535529042077?ref_src=twsrc%5Etfw">January 27, 2025</a></p></blockquote>
<p>&nbsp;</p>
<p>Bessent, the founder of Key Square Group — who worked as the chief investment officer for a firm owned by Democrat mega-donor George Soros — has also served as an economic adviser to Trump.</p>
<p>In November, Trump <a href="https://www.dailywire.com/news/trump-taps-billionaire-hedge-fund-manager-scott-bessent-for-treasury-secretary" target="_blank" rel="noopener">nominated</a> Bessent, saying that his pick is &#8220;widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists&#8221; and &#8220;has long been a strong advocate of the America First Agenda.&#8221;</p>
<p>The New York Times <a href="https://www.nytimes.com/2025/01/11/business/scott-bessent-treasury-divest.html" target="_blank" rel="noopener">reported</a> that Bessent said he plans to divest from assets worth hundreds of millions, aiming to &#8220;avoid any actual or apparent conflict of interest.&#8221;</p>
<p>At his confirmation hearing this month, Bessent testified that he believes Trump &#8220;has a generational opportunity to unleash a new economic golden age that will create more jobs, wealth, and prosperity for all Americans.&#8221; Bessent also <a href="https://www.dailywire.com/news/trump-nominee-scott-bessent-shuts-down-elizabeth-warren-over-billionaire-tax-codes" target="_blank" rel="noopener">clashed</a> with Sen. Elizabeth Warren (D-MA) over billionaire tax codes and <a href="https://www.dailywire.com/news/treasury-nominee-scott-bessent-schools-dem-senator-on-energy-race-with-china" target="_blank" rel="noopener">explained</a> to another Democrat how the United States is in an &#8220;energy race&#8221; with China rather than a &#8220;clean energy race.&#8221;</p>
<p>Bessent, who advanced out of committee last week, is the fifth person to be confirmed to Trump&#8217;s Cabinet after Secretary of State <a href="https://www.dailywire.com/topic/marco-rubio" target="_blank" rel="noopener">Marco Rubio</a>, CIA Director <a href="https://www.dailywire.com/topic/john-ratcliffe" target="_blank" rel="noopener">John Ratcliffe</a>, Defense Secretary <a href="https://www.dailywire.com/topic/pete-hegseth" target="_blank" rel="noopener">Pete Hegseth</a>, and Homeland Security Secretary <a href="https://www.dailywire.com/topic/kristi-noem" target="_blank" rel="noopener">Kristi Noem</a>.</p>
<p>Sean Duffy, Trump&#8217;s pick for transportation secretary, may be confirmed later this week. Other nominees are making their way through the process, including <a href="https://www.dailywire.com/topic/pam-bondi" target="_blank" rel="noopener">Pam Bondi</a>, Trump&#8217;s pick for U.S. Attorney General; Robert F. Kennedy Jr., the nominee for Health and Human Services secretary; Tulsi Gabbard, who has been tapped for the director of national intelligence role; and Kash Patel, the nominee to become FBI director.</p>

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Senate Confirms Trump’s Pick For Treasury Secretary