Senate confirms Scott Bessent as finance minister

Washington – The Senate voted for the confirmation Scott Bessent As finance minister on Monday, when the Republicans of the Senate work to quickly install the tips from President Trump for top posts.

In a 68 to 29 votes, the Senate confirmed Bessent, the first openly gay cabinet member of a Republican administration confirmed the first in the Senate.

Bessent, 62, is the founder of the hedge fund Key Square Group based in Connecticut. The incoming finance minister appeared before the Finance Committee of the Senate At the beginning of this month, which prescribed its nomination on a two -party basis.

The candidate for finance minister appeared before the Finance Committee of the Senate At the beginning of this month, which gave Bessent’s nomination on two parties last week.

“Mr. Bessent has decades of academic, professional and leadership experience, which is relevant for this position Advance Besente Nomination from the committee.” There is no doubt that Mr. Bessent is an excellent election for the Secretary of the Finance. “

In his opening speech to the committee, Bessent outlined that he was born and grew up in South Carolina’s Lowcountry, where he said that his family was struggling financially, and he started working for the first time at the age of nine. He visited Yale University and started working in finances. He and his husband, the former public prosecutor of New York City, John Freeman, have two children.

“My life was the only story that I received for future generations,” said Bessent.

Bessent said that his work in the private sector gave him a “deep understanding” of the economy and the markets, which he said that they would be invaluable for the creation of economic policy. But he admitted that he never served in the government and intended to rely on others for a lawyer.

The billionaire, a former executive of the Soro Fund Management, gave the Trump campaign to economic advice and has been a loud supporter of Mr. Trump’s guidelines in recent years – from tariffs to spending cuts.

During the hearing of the committee, Bessent said that he believes that the president has the “generation the opportunity to trigger a new economic golden age that will create more jobs, prosperity and prosperity for all Americans”.

“Today, Americans in an economy are facing major challenges that workers and women have not created enough opportunities,” said Bessent, pointing out an affordability crisis and a lack of housing. He said the Federal Government had a “significant expenditure problem” and added that “we had to work to put our fiscal house in order” and to adapt the discretionary expenses.

As finance minister, Bessent would monitor the department that manages the country’s finances, as well as the IRS, the tax authority of the country.

Among his priorities described Besseten the expansion of Mr. Trump’s tax cuts in 2017, some of which are supposed to expire at the end of the year, the “most important economic question of the day”. If the tax cuts are not extended, Bessen warned the nation with “economic misfortune”.

The confirmation of Bessent comes like this Foreign Minister Marco RubioPresent CIA director John RatcliffePresent Defense Minister Pete Hegseth And Secretary of the home protection authority Kristi Noem.

This week it is expected that the upper chamber is progressing with a handful of other confirmation votes, while some of the most controversial candidates – Tulsi Gabard For the director of the national secret services, Robert F. Kennedy Jr.. For secretary for health and human services and Kash Patel For the FBI director – come to the Senate committees for confirmation hearing.