Days after his Senate confirmation, Treasury Secretary Scott Bessent has paid $12.5 million for a historic mansion in Washington, D.C., according to people familiar with the deal.

The US Senate confirmed Scott Bessent as the next secretary of the Treasury, becoming the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.

The U.S. Senate voted 68-29 to confirm Scott Bessent as Treasury Secretary, making him the highest-ranking gay official in the United States.