The Senate Finance Committee greenlit billionaire financier Scott Bessent’s nomination as President Donald Trump’s U.S. Treasury secretary.
Senators voted 16–11 to approve the hedge fund manager’s nomination to head the Treasury Department.
Two Democrat senators—Sens. Maggie Hassan (D-N.H.) and Mark Warner (D-Va.)—voted in favor with all Republicans.
Bessent’s nomination will head to a floor vote in the coming days.
U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) extolled Bessent’s qualifications and reaffirmed his commitment to a swift confirmation.
“Mr. Bessent has decades of academic, professional, and leadership experience relevant to the position, as well as the gravitas, demeanor, and character to be an effective secretary,” Crapo said at an executive session….