WASHINGTON—Tariffs, tax policy and budget deficits look likely to dominate Thursday’s confirmation hearing for Scott Bessent, the fund manager picked by President-elect Donald Trump to run the Treasury Department.

Treasury secretary nominee Scott Bessent defended President-elect Donald Trump’s economic strategy in a Senate hearing today. Bessent, a longtime hedge fund manager who once worked for Democratic donor George Soros,

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.