Senate Confirms Scott Bessent as Treasury Secretary 68-29

The Senate confirmed Scott Bessent as Treasury Secretary by a 68–29 vote on January 27, 2025, making him the first openly gay person confirmed to a cabinet position at the level of Treasury Secretary. Bessent, founder of the macro hedge fund Key Square Group and former chief investment officer at Soros Fund Management, disclosed hundreds of millions in assets on his SF-278 financial disclosure form. The Senate Finance Committee had advanced his nomination 16–13 on January 16, with Democrats citing concerns about potential conflicts between his hedge fund portfolio and Treasury's oversight of the same markets.