The U.S. Senate could vote to confirm Republican President Donald Trump's nominee for treasury secretary, Scott Bessent, this weekend, Majority Leader John Thune said on Thursday.

Scott Bessent, Donald Trump’s Treasury Secretary pick, will dissolve his hedge fund to avoid conflicts of interest. Bessent plans to divest from all business roles

The fund manager will face senators at a confirmation hearing on Thursday

Scott Bessent, President-elect Donald Trump's choice to be Secretary of the Treasury, appears before the Senate Finance Committee for his confirmation hearing, at the Capitol on Thursday, Jan. 16, 2025, in Washington.

Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is "perplexed" that the Biden administration did not impose more sanctions and tariffs on Russia's economy.

The U.S. Senate Finance Committee on Tuesday voted to send the nomination of billionaire hedge fund manager Scott Bessent as President Donald Trump's Treasury secretary on to the full Senate for approval.

If Bessent is confirmed, as expected, he’ll be at the center of Trump’s agenda of extending tax cuts, imposing sweeping tariffs and rolling back financial regulations. He will

Scott Bessent testified before the Senate Finance Committee, where the expiring Tax Cuts and Jobs Act was a major point of conversation.

Senate Finance Committee Chairman Mike Crapo on Wednesday said he is hoping a full Senate confirmation vote for U.S. President Donald Trump's pick as Treasury secretary, Scott Bessent, could occur next week.

The hedge fund manager and Trump advisor also lent support to the idea of reconsidering deposit insurance limits for some kinds of accounts, such as those used for payrolls.