Scott Bessent

Secretary of the Treasury

Department of the Treasury

Who Does This Official Serve?

Industry Insider

Prior Industry: Hedge Funds (Soros Fund Management, Key Square Group)

Career hedge fund manager and Wall Street financier now overseeing U.S. economic and monetary policy, tax enforcement, and financial regulation.

Appointed

January 20, 2025

1 year, 2 months in office

Confirmation Vote

68-29

Conflict Risk

Medium

(10 pts)

2 conflicts identified

Estimated Net Worth

$500 million - $1 billion

🔄Revolving Door Analysis

Industry Insider

Prior Industry: Hedge Funds (Soros Fund Management, Key Square Group)

Career hedge fund manager and Wall Street financier now overseeing U.S. economic and monetary policy, tax enforcement, and financial regulation.

⚠️ Conflicts of Interest (2)

💰 Financial(1)

High

Hedge fund holdings that could benefit from Treasury policies

🎯 Political(1)

Medium

Previously worked for George Soros, frequent Trump target

Career Path

🔄 Revolving Door

Direct revolving doorLobbying / Media backgroundCareer public servant

Founder and CEO

Key Square Group

2015-present

Career hedge fund manager and Wall Street financier now overseeing U.S. economic and monetary policy, tax enforcement, and financial regulation.

Chief Investment Officer

Soros Fund Management

2011-2015

Partner

Soros Fund Management

1991-2000

Now Serving As

Secretary of the Treasury

Department of the Treasury

2025–Present

Policy Positions

Tariffs

Supports Trump tariff plans

Fiscal Policy

Tax cuts for wealthy, deregulation

Dollar

Strong dollar advocate

Debt

Concerned about debt but favors tax cuts

💰 Agency Budget — FY2026

Source: USASpending.gov

$5.0T

Budget Authority

$559.0B

Obligated

37.6%

of Federal Budget

Department of the Treasury37.65% of total

Top Contract Awards (FY2023–2026)

DELOITTE CONSULTING LLP

CADE 2 LTIS3 COVID-19

$384M

AT&T ENTERPRISES, LLC

ESTABLISH A BROAD NETWORKING AND TELECOMMUNICATIONS SERVICE ENVIRONMENT TO MEET ITS NETWORK SERVICES (WIDE AREA AND LOCAL AREA NETWORK), VOICE TELECOMMUNICATIONS SERVICES, AUDIO/VIDEO/WEB CONFERENCING, AND CYBER REQUIREMENTS.

$320M

BOOZ ALLEN HAMILTON INC

THE INTERNAL REVENUE SERVICE (IRS), OFFICE OF INFORMATION TECHNOLOGY OFFICE, ISSUES THIS ORDER UNDER GSA ALLIANT 2 (UNRESTRICTED). ENTERPRISE CASE MANAGEMENT (ECM) SOLUTION INTEGRATION SERVICES

$305M

About Department of the Treasury

The Department of the Treasury manages federal finances, collects taxes, produces currency, and enforces economic sanctions.

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