The United States Senate has confirmed Scott Bessent to serve as the 79th U.S. Secretary of the Treasury. Nominated by President Donald J. Trump, the macro fund manager received bipartisan support in the Senate, with his nomination easily clearing the chamber.
Bessent, 61, was an early Trump backer, donating a million dollars to his 2016 presidential campaign. He has helped raise nearly $60 million for Trump since. Bessent was an integral figure in monetary markets in the 1990s and early 2000s. During Trump’s first presidential administration, Steven Terner Mnuchin served in the role for all four years, assisting President Trump in building one of the most robust American economies in history.
Prior to his confirmation, Bessent laid out an aggressive plan to implement President Trump’s America First economic agenda. The new Treasury Secretary contends the Trump White House will continue to strengthen the dollar and use tariffs to encourage the re-shoring of American jobs from overseas.
The National Pulse previously reported that Bessent took globalist Bloomberg to task over the impact of illegal immigration on wages and the American economy. According to the Secretary of the Treasury, the Biden government’s policy of mass immigration undeniably suppressed the wages of American workers—an act he calls “abominable.”
Bessent added that if borders are left open to illegal immigrants, “per capita GDP per American would drop substantially” and lower the American standard of living. […]
— Read More: thenationalpulse.com
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