Bessent Confirmed as Treasury Secretary
Posted: Jan 29 2025
The Senate has voted 68-29 to confirm Scott Bessent as Treasury secretary, with Republicans and some Democrats voting in favor of the nomination. He succeeds Janet Yellen.
Bessent is the founder of the investment firm Key Square Group and a former partner at Soros Fund Management. He appeared before the Senate Banking Committee earlier this month, where he called for less regulation on banks and voiced opposition to the U.S. creating a central bank digital currency.