Scott Bessent, a billionaire investor, was confirmed in a 68-29 vote.
The Senate on Jan. 27 confirmed Scott Bessent’s nomination for Treasury Secretary in a 68-29 vote, putting him in a key role in implementing President Donald Trump’s tariff and growth agenda.
The billionaire investor will be spearheading Trump’s plan of cutting taxes and curbing deficits while putting forward a plan on tariffs that also facilitates growth.
Bessent has said the U.S. faces economic calamity if Congress does not renew key provisions of Trump’s Tax Cuts and Jobs Act that are set to expire Dec. 31, 2025. Negotiating the extension of those tax cuts will be one of his major responsibilities even as he has also pushed for 3 percent annual growth, significant trims to deficits and increasing domestic oil production by 3 million barrels a day.
This is a developing story and will be updated.
Original News Source Link – Epoch Times
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