The Senate voted 68 to 29 to confirm Mr. Bessent, a billionaire hedge fund manager, as the next Treasury secretary.

The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting ...

U.S. Sen. Elizabeth Warren demanded answers following reports that billionaire Elon Musk took access to the nation's finance ...

Hedge fund manager Scott Bessent — who has vowed to crack down on off-the-rails federal spending and help avert a “crushing ...

The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary ...

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to become the next Treasury secretary and enact the ...