Here's what to know about the Treasury secretary pick Bessent, who heads into his confirmation hearing and may become the first Senate-approved LGBTQ+ member in a Republican cabinet.

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

Scott Bessent, President-elect Donald Trump's choice to be Secretary of the Treasury, appears before the Senate Finance Committee for his confirmation hearing, at the Capitol on Thursday, Jan. 16, 2025, in Washington.

Scott Bessent defended tariffs and argued for tax-cut extensions during his confirmation hearing as President-elect Donald Trump’s pick for Treasury secretary in the Senate Finance Committee. No Democrats committed to support him on Thursday,

WASHINGTON: President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday (Jan 16) that the dollar should remain the world's reserve currency, the

Donald Trump's pick for Treasury secretary repeatedly defended a range of tariff ideas during his confirmation hearing before Senate lawmakers Thursday.

Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.

The hedge fund manager and Trump advisor also lent support to the idea of reconsidering deposit insurance limits for some kinds of accounts, such as those used for payrolls.

The Senate Finance Committee voted to approve President Donald Trump’s pick to lead the Treasury Department, hedge fund manager Scott Bessent. He will now move to a final confirmation vote in the Senate.

Treasury Secretary designee Scott Bessent’s nomination advanced past a key Senate committee Tuesday, teeing up his likely confirmation with a full floor vote in the coming days. The Senate Finance Committee,