Bessent was confirmed on a vote of 68-29, with 16 Democrats voting with Republicans to make him the nation’s 79th Treasury secretary.

Scott Turner, the nominee to lead the Department of Housing and Urban ... Scott Bessent to serve as Treasury Department secretary. "I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," he said.

In a new memo obtained by NBC News, Senate Finance Democratic tax staff found that Scott Bessent avoided over $950,000 of self-employment taxes.

Senate hearings are scheduled this week for several of Trump’s picks for the Cabinet. Thursday's hearings include Doug Burgum, Scott Turner, Lee Zeldin, Pam Bondi and Scott Bessent. Watch live.

Four of President-elect Trump's cabinet nominees, including Scott Bessent for Treasury Secretary, Doug Burgum for Interior Secretary, Lee Zeldin for EPA, and Scott Turner for HUD, will face Senate confirmation hearings on Thursday.

While reactions largely fall within partisan lines, both parties appear poised to work with new HUD leadership to tackle housing challenges.

Trump said of Bessent's nomination, "Scott has long been a strong advocate of the America First Agenda. On the eve of our Great Country's 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the ...