In a decisive vote, the Senate confirmed Scott Bessent, a prominent billionaire hedge fund manager, as the next U.S. Treasury Secretary. The final tally stood at 68 to 29, with bipartisan support, though most Democrats voted against the nomination.

Bessent, who once led investments for liberal philanthropist George Soros, has been a significant donor and adviser to former President Trump. As Treasury Secretary, he’ll play a key role in advancing Trump’s economic goals, including tax cuts, easing financial regulations, and renegotiating trade deals through tariffs.

The vote breakdown showed 52 Republicans and 15 Democrats supporting Bessent, while 28 Democrats and one independent opposed the nomination. Notably, Senator Lisa Murkowski of Alaska was the lone independent to vote in favor, while Senator Bernie Sanders of Vermont cast the only independent vote against.

Bessent’s confirmation comes at a pivotal time as the administration seeks to reshape economic policies and address trade challenges. His background in finance and close ties to Trump have sparked both praise and criticism, setting the stage for a potentially transformative tenure at the Treasury.