Scott Bessent sworn in as 79th Secretary of the Department of Treasury

WASHINGTON – Scott Bessent was sworn in as the 79th Secretary of the Treasury by Supreme Court Justice Brett M. Kavanaugh on January 28, 2025. Shortly following the ceremony, Mr. Bessent was welcomed at the doors of the U.S. Treasury at 1500 Pennsylvania Avenue by department employees. Mr. Bessent’s first working day included meetings with senior Treasury officials.As Secretary, Mr. Bessent is responsible for the U.S. Treasury’s wide-ranging mission to maintain a strong economy, foster economic growth and create job opportunities for all Americans by promoting the conditions that enable prosperity at home and abroad as well as managing the U.S. Government’s finances. He is also responsible for strengthening U.S. national security by combating economic threats and protecting the financial system.Mr. Bessent has been in the global investment management business for 40 years, visiting 60 countries, interacting with international leaders and central bankers. He is regarded as a currency and fixed income specialist.