Bessent nomination to US Treasury clears Senate Finance Committee

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Bessent nomination to US Treasury clears Senate Finance Committee

//business-finance.news-articles.net/content/202 .. us-treasury-clears-senate-finance-committee.html

Published in Business and Finance on Tuesday, January 21st 2025 at 11:00 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The U.S. Senate Finance Committee on Tuesday voted to send the nomination of billionaire hedge fund manager Scott Bessent as President Donald Trump's Treasury secretary on to the full Senate for approval.

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Scott Bessent's nomination to serve as a counselor to the U.S. Treasury Secretary has been advanced by the Senate Finance Committee. Bessent, a former chief investment officer at Soros Fund Management, was approved in a 16-11 vote, with all Democrats and some Republicans in favor. His nomination now moves to the full Senate for confirmation. Bessent's expertise in financial markets and his experience in managing large investment portfolios are seen as valuable for addressing economic challenges, including inflation and economic recovery post-COVID-19. His potential role involves advising on economic policy, financial regulation, and international economic affairs.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/us/bessent-nomination-us-treasury-clears-senate-finance-committee-2025-01-21/ ]