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The Senate confirmed President Donald Trump’s nominee Scott Bessent as Treasury Secretary Monday as the new administration seeks to follow through on its promises to swiftly improve the nation’s economy.
Bessent won in a 68-29 vote, with 16 Democrats joining Republicans in the vote and three Democrats not voting.
“He brings a wealth of private sector experience in the economy and markets to his new role, as well as the concern for the needs of working Americans,” Senate Majority Leader John Thune, (R-S.D.) said in his floor remarks on Monday.
Trump nominated Bessent on Nov. 22, releasing a lengthy statement on Truth Social in his support.
“I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States. Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists. Scott’s story is that of the American Dream,” Trump wrote at the time.
“Scott has long been a strong advocate of the America First Agenda. On the eve of our Great Country’s 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the World’s leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World. Unlike in past Administrations, we will ensure that no Americans will be left behind in the next and Greatest Economic Boom, and Scott will lead that effort for me, and the Great People of the United States of America,” he added.
Trump stated that Bessent’s role would help “reinvigorate” the private sector.
“My Administration will restore Freedom, Strength, Resilience, and Efficiency to our Capital Markets. We will reinvigorate the Private Sector, and help curb the unsustainable path of Federal Debt,” he wrote.
“As a lifelong Champion of Main Street America and American Industry, Scott will support my Policies that will drive U.S. Competitiveness, and stop unfair Trade imbalances, work to create an Economy that places Growth at the forefront, especially through our coming World Energy Dominance. Together, we will Make America Rich Again, Prosperous Again, Affordable Again, and, most importantly, Great Again!” he concluded.