For ads-free news, click here.
From Fox Business: The Senate on Monday voted to confirm Scott Bessent to serve as treasury secretary following his nomination to the role by President Donald Trump.
Bessent was confirmed on a 68-29 vote by the full Senate.
Bessent, 62, is the founder and CEO of global macro investment firm Key Square Group, which he has said he would wind down if confirmed as treasury secretary. The firm focused on macro investing, which is a strategy that leverages geopolitical and macroeconomic information to guide its approach to investing in various markets.
He served as a key economic policy advisor and fundraiser for the Trump campaign. Bessent has been an advocate for economic policies such as lower taxes, spending restraint and deregulation that have long made up the core of the Republican Party’s platform, and has also been supportive of Trump’s use of tariffs in trade negotiations.
U.S. Senate CONFIRMS Scott Bessent to be Treasury Secretary, 68-29. pic.twitter.com/Ww5bLjOKzZ
— CSPAN (@cspan) January 27, 2025
After his confirmation, Bessent wrote in a social media post, “As Treasury Secretary, I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future. The golden age starts now.”
As Treasury Secretary, I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future. The golden age starts now. pic.twitter.com/bWC25Q84wY
— Scott Bessent (@Scott_Bessent) January 27, 2025
An X account appearing to belong to Bessent’s office recently expressed support for the idea of abolishing the IRS.
BREAKING: President Trump says he will either fire all of the 87,000 IRS agents or move them to the Border.
Abolish the IRS. pic.twitter.com/b6ZoGYyFoW
— Office Of Scott Bessent (@R_scottbessent) January 26, 2025
Another post pushes back against the Bank of America, who claim they don’t discriminate against conservatives.
This is total BS from @BankofAmerica
I know dozens of people who lost their bank accounts due to their association with Trump
This is a lie and the new Trump administration should do an investigation into this. We have the receipts pic.twitter.com/mqYYsdnYO5
— Office Of Scott Bessent (@R_scottbessent) January 24, 2025
Congratulations to our new Treasury Secretary Scott Bessent! pic.twitter.com/MMTt8umJD0
— House Republicans (@HouseGOP) January 27, 2025
🇺🇸Scott Bessent’s confirmation as United States Secretary of the Treasury highlights President Trump’s dedication to restoring economic strength and stability.
America is BACK. pic.twitter.com/Pr1J8Z22g3
— The White House (@WhiteHouse) January 27, 2025
Follow us on X (Formerly Twitter.)
The DML News App: www.X.com/DMLNewsApp
The Dennis Michael Lynch Podcast archive is available below, with the most recent on top. Never miss an episode. Subscribe to the show by downloading The DML News App or go to Apple Podcasts.
