US Senate confirms Scott Bessent as Treasury Secretary, first openly gay person in the role.

The US Senate confirmed Scott Bessent, a billionaire hedge fund manager, as the new Treasury Secretary with a 68-29 vote. Bessent, who will be the first openly gay person to hold the role, will manage the country's fiscal policies, including extending Trump’s tax cuts and addressing budget deficits. He supports tariffs to improve trade practices and aims for 3% annual growth and increased oil production.

2 months ago
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