Former hedge fund manager Scott Bessent was confirmed yesterday in the Senate as the new Treasury Secretary. The 62-year-old Tr*mp nominee becomes the first out-gay man to hold the position. He’s also the highest-ranking LGBTQ+ official in US history.

LGBTQ groups overall are pleased to have the first gay U.S. Treasury secretary. But that doesn't mean they had uniform reactions to the news of Scott Bessent's U.S. Senate confirmation to the position January 27. President Donald Trump nominated Bessent November 22.

The U.S. Senate voted 68-29 to confirm Scott Bessent as Treasury Secretary, making him the highest-ranking gay official in the United States.

WASHINGTON, Jan. 28 (Bernama-Xinhua) -- The US Senate on Monday confirmed hedge fund manager Scott Bessent as Treasury Secretary, positioning him to lead the new administration's economic policies, including tariffs, tax cuts and deregulation, reported Xinhua.

Washington — The Senate is set to vote Monday evening on the confirmation of Scott Bessent as treasury secretary, as Senate Republicans work to quickly install President Trump’s picks for top administration posts.

The U.S. Senate confirmed Scott Bessent as Treasury Secretary in President Donald Trump’s administration. Bessent will play a central role in Trump’s economic agenda, focusing on tax policy and managing the nation’s debt and deficit.