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Senate Confirms Billionaire Hedge Fund Manager Scott Bessent as Treasury Secretary

HeadlineJan 29, 2025

On Monday, senators voted 68 to 29 to confirm billionaire hedge fund manager Scott Bessent as U.S. Treasury secretary, with 16 Democrats supporting the nomination. In a statement, Public Citizen called Bessent “an oligarch who spent a career serving rich clients,” adding, “By ignoring climate change as a financial risk, Trump’s Treasury Department under Bessent is on a path that could devastate hard-working families.”

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