Scott Bessent confirmed by the Senate that he will work as minister of Trump

On Monday, the Senate voted for Scott Beesen to work as Minister of Treasury after his nomination for this role Donald Trump.

BESSENT was confirmed on a 68-29 vote by the full Senate. More than ten Democrats voted in favor of Bessin’s confirmation, including Cenice. Lida Blant Rochester of Dilayer, Cori Booker from New York, Chris Konz from Delaweer, John Vetterman from Pennsylvania, Robin Galigo from Arizona, Kirsten Gilbran from New York, Tim Kane from Virginia, Mark Kelly from Arizona, Maggie Hassan from New Hampshire, John Holknlobberb From Colorado, Gary Peters from Michigan, Elisa Slutin from Michigan, Cenatia Shaheen from New Hampshire, and Mark Warner from Virginia.

BESSENT, 62, is the founder and CEO of Global Macro Investment Key Square Group, which he said will end if it was confirmed as Treasury Secretary. The company focused on total investment, a strategy that enhances geopolitical information and the macroeconomic economy to direct its approach to investing in many markets.

He served as the main adviser to economic policy and fundraising for Trump’s campaign. BESSENT was a defender of economic policies such as decreased taxes, spending on self -control and disruption that formed formed the essence of the Republican Party platform, and was supporting Trump’s use of definitions in commercial negotiations.

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During his confirmation sessions, Bessent said that the extension of Trump’s tax cuts is “one A more important economic issue From today, “warning of failure to do this will lead to a” giant “tax increase on middle -class Americans due to the end of the imposition of low taxes and a greater record deduction demanded by most taxpayers.

“If we do not renew the extension, we will face an economic catastrophe.” “As always, with financial instability, it is located on the middle layer and the working layer.”

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“President Trump has an opportunity to treat the new golden economic age, which will create more jobs, wealth and prosperity for all Americans,” Pesin said in his opening statements.

“We must secure supply chains exposed to strategic competitors, and we must carefully publish sanctions as part of the government’s full approach to address national security requirements.” “It is critical – decisively – we must ensure that the US dollar remains the backup currency in the world.”

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The Senate Finance Committee applied Pesin’s nomination To the full Senate by voting from the two parties from 16 to 11 on January 21, a day after Trump’s inauguration. Sens. Mark Warner, D-VA. , Maggie Hassan, DN.H, Democratic Senate members who joined all their Republican colleagues in voting to pay his candidacy.

During the presidential campaign, Bessent described what he called the “3-3-3″ plan that was designed similar to the idea of ​​”Three Arrows” by the late Japanese Prime Minister.

BESSENT argued to determine a goal to achieve a 3 % real economic growth, and to reduce the budget deficit to 3 % of GDP (GDP) by 2028, and the increase American energy production To the equivalent of an additional 3 million barrels of oil per day.

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The Treasury Minister carries a great deal of importance for the president’s economic agenda.

Treasury secretaries often lead negotiations with Congress on tax and spending issues. They also play a major role in dealing with foreign governments and financial institutions, as well as dealing with the operations of the Ministry of Treasury and sub -costs such as Internal Revenue Service (IRS).

During the first period of Trump as president, Stephen Mnuchin held the position of Minister of Treasury for a period of four years after confirming by the Senate in a vote 53-47 after a few weeks Opening day.

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Servin served as a key Negotia with Congress On debt, tax and spending policies, as well as Covid relief packages that were enacted in 2020 after the start of the epidemic.

Diana Stansi from Fox News Digitter contributed to this report.