Gay treasury secretary

The Senate voted Monday evening to confirm Bessent, 62, to lead the Department of the Treasury. He is the first openly LGBTQ person to hold the position, fifth in line to the presidency. On January 28, , Bessent was sworn in as the 79th Secretary of the Treasury by U.S. Supreme Court justice Brett Kavanaugh. [50] Bessent became the first openly gay person to lead the U.S. Treasury Department, and just the second openly gay U.S.

Senate-confirmed Cabinet secretary.

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Scott Bessent may be the first gay Senate-confirmed Cabinet member in a Republican administration, but that's probably not what he'll go down in history for as the stock market continues to. ’s gay nominee for secretary of the Treasury, Scott Bessent, who lives in Charleston, South Carolina with his husband and family, is the first Senate-approved LGBTQ+ member in a Republican cabinet. A group of House Democrats is warning that the Treasury Department, under Secretary Scott Bessent, is on the verge of erasing key protections for LGBTQ + federal workers — a move they say.

And for the moment anyway, there has been no more talk of abrupt revocations of the tax status of major nonprofits, which also happens to be illegal. Bessent explicitly complained to that Musk had done an end run around him to get Shapley appointed. This was the second time in less than two weeks that Bessent acted to save from himself, deftly isolating more extremist advisers. On April 9, financial markets were crashing, and worse was expected.

More from Robert Kuttner. They quickly arranged an emergency conversation with , explained the risks of financial collapse, and stayed until composed a Truth Social post suspending the tariffs. Thus did Bessent out-play both Musk and Navarro, in service of more prudent policies. But Bessent is all alone here. On Monday, redoubled his attack on Powell , and markets predictably cratered again.

White House chief economist Kevin Hassett has pointedly declined to defend Powell. What is clear is that Bessent is an exception. In his second term, has made sure to get rid of minders. He used to be a Democrat. For nearly two decades Bessent worked for George Soros. He masterminded the successful speculative play to crash the British pound, which made the Soros firm over a billion dollars.

With backing from Soros, Bessent then created his own hedge fund in With this background, how does Bessent feel able to restrain from dangerous decisions promoted by closer-in ideological allies such as Navarro and Musk? -world is a cauldron of intrigue. himself is mad as a hatter, paranoid about disloyalty, with the attention span of a gnat.

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