Trump Treasury Pick Confirmed As Treasury Secretary

Benzinga

The U.S. Senate confirmed Scott Bessent as Treasury Secretary in President Donald Trump’s administration.  Bessent will play a central role in Trump’s economic agenda, focusing on tax policy and managing the nation’s debt and deficit. The U.S. government has spent over $700 billion more than it has collected in the 2024 fiscal year. The national debt has exceeded $36 trillion. Bessent has backed gradual tariffs, which may gain prominence as Trump threatens new levies. He also supports extending the Tax Cuts and Jobs Act, set to expire at the end of 2025 and opposes raising taxes on high-income earners.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The U.S. Senate confirmed Scott Bissette as Treasury Secretary in President Donald Trump's

00:06administration. Bissette will play a central role in Trump's economic agenda, focusing on

00:12tax policy and managing the nation's debt and deficit. The U.S. government has spent over

00:16$700 billion more than it collected in the 2024 fiscal year. National debt has exceeded $36

00:23trillion. Bissette has backed gradual tariffs, which may gain prominence as Trump threatens

00:28new levies. He also supported extending the Tax Cuts and Job Act, set to expire at the end of 2025,

00:34and opposes raising taxes on high-income earners. For all things money, visit Benzinga.com.

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