MNI BRIEF: U.S. Senate Panel Advances Bessent Nomination

Jan-21 16:27By: Evan Ryser
Federal Reserve

President Donald Trump’s pick for Treasury secretary, Scott Bessent, won bipartisan support Tuesday as his nomination cleared a key Senate committee.

The Senate Finance Committee voted 16-11 to advance Bessent’s nomination, clearing the way for a full Senate vote in the coming days. Two Democrats, Sens. Mark Warner and Maggie Hassan, joined with the committee’s Republicans in supporting Bessent for the top economic job in Trump’s Cabinet.