The Senate voted 68 to 29 to confirm Mr. Bessent, a billionaire hedge fund manager, as the next Treasury secretary.

Hedge fund manager Scott Bessent — who has vowed to crack down on off-the-rails federal spending and help avert a “crushing $4 trillion tax hike” on Americans by year’s end — was

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.

President Donald Trump signed an executive order that could lead to significant changes in the Pentagon, including a potential transgender ban in the military.

Senate Majority Leader John Thune (R-S.D.) is making good on his threat to keep the Senate working after hours, vowing to go straight through the weekend if Minority Leader Chuck Schumer (D-N.Y.) doesn't cut a deal to speed things up.

Bessent, a past supporter of Democrats who once worked for George Soros, has become an enthusiastic supporter of Trump.

President Donald Trump has kicked off his second term with a flurry of executive actions on immigration, the economy, DEI and more. In his first trip since becoming president, Trump on Friday heads to survey hurricane damage recovery in North Carolina and then to Los Angeles to tour devastation from wildfires.

Bessent received a bachelor's degree from Yale University in 1984. After graduating, Bessent worked at Brown Brothers Harriman and Kynikos Associates. [5] In 1991, Bessent began working at Soros Fund Management (SFM), where he was the firm's head of ...

New US President’s administration begins work after inauguration while cabinet nominees require Senate confirmation

A judge blocked Trump's federal funding freeze after Medicaid agencies and health providers faced chaos over White House guidance. Follow Newsweek's live blog.

President-elect Donald Trump (R) announced former U.S. Rep. Sean Duffy (R-Wis.) as his nominee for secretary of transportation on November 18, 2024. This presidential appointment requires Senate confirmation. The Senate Commerce, Science, and ...

Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, will step into the spotlight this week, with the Senate Finance Committee scheduled to start his confirmation ...