Here's what to know about the Treasury secretary pick Bessent, who heads into his confirmation hearing and may become the first Senate-approved LGBTQ+ member in a Republican cabinet.

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

Treasury secretary nominee Scott Bessent defended President-elect Donald Trump’s economic strategy in a Senate hearing today. “I believe Wall Street has done great the past few years and that Main Street has suffered,