Scott Bessent
Secretary of the Treasury
Scott Kenneth Homer Bessent was born in August 1962 in Conway, South Carolina. He earned an undergraduate degree from Yale University. He
He went into a financial career, becoming head of the Soros Fund Management’s London office. He founded an investment firm of his own, Key Square Group, in 2015.
Bessent was appointed by President Donald Trump to be the Secretary of the Treasury in November 2024. He was confirmed by the Senate and sworn into office in January 2025.
He is married to John Freeman, they have two children. He belongs to the Huguenot Church.
In the News…
Treasury Secretary Scott Bessent recently visited Minnesota, where he discussed the rampant federal social aid fraud with journalists, local politicians, and law enforcement. The treasury secretary corroborated the amounts of money stolen as roughly hundreds of billions.
Secretary Bessent said, based on data from the Government Accountability Office (GAO), that somewhere between 5-10 percent of the nation’s annual budget is lost to fraud of some kind.
“If we can narrow that number, President Trump asked for a $500 billion increase in the defense budget to fortify the 10 to 20 years of neglect,” Secretary Bessent said in an interview.
The secretary continued, “If we need to flex up our military budget, if we can get rid of this waste, fraud, and abuse, we can finance a safer, sounder U.S. with that, without taking on more debt. Sounds like a pretty good outcome to me.”
In addition to the $233 to 521 billion GAO analysis determined was lost to fraud between 2018 and 2022, the Internal Revenue Service estimates that hundreds of billions in taxes owed have not been collected.
Contact this Leader…
Did you pray for Secretary Bessent today? You can let him know at:
The Honorable Scott Bessent, Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue NW
Washington, DC 20220
