The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new administration’s top economic official who will steer an agenda that is focused on tax cuts, tariffs and deregulation. Mr. Bessent, a billionaire hedge fund manager with deep experience in financial markets, is taking over the job as Mr. Trump is sprinting to remake the U.S. economy in line with his “America First” vision. The new Treasury secretary will be responsible for helping to develop the Trump administration’s tax policies, plot the path for more tariffs on Mexico, Canada and China, and craft the administration’s first budget.
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