Senate confirms Scott Bessent as US Treasury secretary in historic confirmation

The Senate confirmed Scott Bessent as Treasury secretary on Monday, elevating the hedge fund manager to the new administration's top financial job. This comes as President Donald Trump forges ahead on ambitious economic policies, with Bessent set to play a key role in shaping the nation's fiscal direction. The appointment marks a significant shift towards a more market-oriented approach at the Treasury department. Bessent will be responsible for overseeing the country's economic and financial systems.