Here's what to know about the Treasury secretary pick Bessent, who heads into his confirmation hearing and may become the first Senate-approved LGBTQ+ member in a Republican cabinet.

Scott Bessent, President-elect Trump's pick for treasury secretary, will appear for a Senate Finance Committee confirmation hearing on Thursday, where he will discuss the incoming president's economic vision.

Bessent is a former protégé of George Soros, the billionaire investor and Democratic mega donor. After Trump won the election in November, Bessent won an unusually public – and messy – contest to be nominated for the Treasury Secretary role.

The stakes have never been higher, but with Bessent at the helm of the Trump economic team, a brighter future is within reach.

The Treasury secretary nominee cultivated allies in Trump’s orbit who have come to see him as a brainy avatar of their vision.

Their exchange on the minimum wage shows two views of the world.

Nominee for U.S. Treasury secretary, Scott Bessent, is expected to declare during his confirmation that Trump will usher in "a new economic golden age."

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.

Republicans hold a 53-47 majority in the Senate, but Thune has complained that Democrats are using procedural maneuvers to slow the approval of some of Trump's more controversial picks, including former Fox News host Pete Hegseth for defense secretary and vaccine skeptic Robert F. Kennedy Jr. to head the Department of Health and Human Services.

The longer the Direct File tax-prep program sticks around, the harder it is to end it, critics worry . It was soon after the start of Scott Bessent's confirmat