Scott Beesent, founder and CEO of Key Square Group LP and US Finance Minister of Finance for US President Donald Trump, during a hearing to confirm the Senate Committee for Financing in Washington, DC, USA, on Thursday, January 16, 2025.
Al Drago | Bloomberg | Getty Images
The US Senate voted on Monday to confirm Scott Besense as a treasury minister in the administration of President Donald Trump.
The Senate voted 68-29 to confirm the veterans on Wall Street, and 16 Democrats joined all Republicans to choose the Beasent for a place. He will be 79. The treasury minister.
Bessent, founder Key Square Group, will play a key role by helping Trump to perform his economic plan, including insight into tax policy.
It is confirmed while the US government is struggling with its debt and deficit. The federal government spent approximately $ 711 billion more than it collected in the fiscal year 2025. fiscal data website. In the meantime, the state debt threw himself on that More than $ 36.2 trillion.
The Incoming Minister of Treasury supported gradual tariffsWhat will go back to the center of attention because President Trump threatens to charge from products from China,, Canada and Mexico. Trump said on Sunday in a post on social networks to impose 25% of tariffs about the slave coming to the US from Colombia.
Another focal point for Beesent will be a law on reduction of taxes and jobs – a tax overhaul that entered into force in 2018. The end of the tax law expires the Tax Law plate at the end of 2025, and the Congress will be necessary to act in order to extend these interruptions.
When Bessent spoke before the Senate Financing Committee earlier this monthHe repeated his support for the extension of Tcja and refused to say that he would be willing to increase the tax on the highest state.
