The U.S. Senate Finance Committee has approved Scott Bessent's nomination as Secretary of the Treasury.

The U.S. Senate Finance Committee approved the nomination of Scott Bessent as Secretary of the Treasury with a vote of 16 in favor and 11 against. The nomination will be submitted to the Senate for a final confirmation vote. If confirmed, Bessent will become an important spokesperson for the new U.S. government on economic policy, significantly influencing fiscal policy, financial regulation, international sanctions, and overseas investment.