Scott Bessent on Monday secured confirmation to lead the Department of the Treasury, putting President Trump’s top economic nominee in place ahead of a daunting GOP push to enact Trump’s ambitious economic agenda.

Hedge fund manager Scott Bessent has been confirmed as the 79th secretary of the Treasury Department in a bipartisan Senate vote. The Senate voted 68-29 on Monday to confirm Bessent, who was President Donald Trump’s pick to succeed former Treasury Secretary Janet Yellen.

The U.S. Senate on Monday confirmed Scott Bessent to be President Donald Trump's Treasury secretary, giving the billionaire hedge fund manager a central role in shaping the new administration's policy ambitions around tax cuts and spending and managing economic relationships with allies and adversaries alike.