The U.S. Senate on Monday voted 68-29 to confirm Scott Bessent, the South Carolina-born billionaire investor on Wall Street, as the nation's new Treasury secretary.

Donald Trump’s gay nominee for secretary of the Treasury, Scott Bessent, who lives in Charleston, South Carolina with his husband and family, is the first Senate-approved LGBTQ+ member in a Republican cabinet.

Bessent, a Wall Street veteran who grew up in South Carolina, has praised the Republican president’s plans to slash taxes and impose tariffs while calling for measures to protect supply chains and the