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.

Bessent is a former protégé of George Soros, the billionaire investor and Democratic mega donor. After Trump won the election in November, Bessent won an unusually public – and messy – contest to be nominated for the Treasury Secretary role.

Scott Bessent, President-elect Trump’s pick to lead the Treasury Department, plans to tell senators during his confirmation hearing the next four years will present an opportunity for an “economic

Mr. Bessent called the extension of the 2017 Trump tax cuts ‘the single most important economic issue of the day.’

Scott Bessent wasn’t a familiar name in Republican political circles before Donald Trump nominated him to be Treasury secretary. “You know Scott Bessent?” Trump asked his guests from the stage of a reception this month at Mar-a-Lago.

Bessent told lawmakers that President-elect Donald Trump has an opportunity to unleash 'a new economic golden age'

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, 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.

Nominee for U.S. Treasury secretary, Scott Bessent, is expected to declare during his confirmation that Trump will usher in "a new economic golden age."

Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation hearing.

Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation hearing.