Gay treasury secretary

Donate Now. Subscribe here. Bessent explicitly complained to that Musk had done an end run around him to get Shapley appointed. In his second term, has made sure to get rid of minders. ’s gay nominee for secretary of the Treasury, Scott Bessent, who lives in Charleston, South Carolina with his husband and family, is the first Senate-approved LGBTQ+ member in a Republican cabinet.

Scott Kenneth Homer Bessent (/ ˈbɛsənt / BESS-ənt; born August 21, ) is an American government official and former hedge fund manager serving since as the 79th United States secretary of the treasury. The term has also been in use as a noun with the meaning "homosexual man" since the s, . The Senate on Monday confirmed billionaire hedge fund manager and investor Scott Bessent as ’s Treasury secretary, making him the highest-ranking LGBTQ official in the nation’s.

He was formerly a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. A group of House Democrats is warning that the Treasury Department, under Secretary Scott Bessent, is on the verge of erasing key protections for LGBTQ + federal workers — a move they say. himself is mad as a hatter, paranoid about disloyalty, with the attention span of a gnat. Thus did Bessent out-play both Musk and Navarro, in service of more prudent policies.

GAY definition: 1. The Senate voted Monday evening to confirm Bessent, 62, to lead the Department of the Treasury. Ever wonder what LGBTQ+ means? The term "gay" was initially a slang term developed to overcome some of these negative associations. Every dollar funds our in-depth reporting. On January 28, , Bessent was sworn in as the 79th Secretary of the Treasury by U.S.

Supreme Court justice Brett Kavanaugh. Scott Bessent may be the first gay Senate-confirmed Cabinet member in a Republican administration, but that's probably not what he'll go down in history for as the stock market continues to. What does every letter in LGBTQ+ stand for? He is the first openly LGBTQ person to hold the position, fifth in line to the presidency. It may have come from a nineteenth century French slang word, "gaie.".

Bessent is the first out gay Treasury secretary and the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. He masterminded the successful speculative play to crash the British pound, which made the Soros firm over a billion dollars. The label gay was originally used purely as an adjective ("he is a gay man" or "he is gay").

This was the second time in less than two weeks that Bessent acted to save from himself, deftly isolating more extremist advisers. With backing from Soros, Bessent then created his own hedge fund in With this background, how does Bessent feel able to restrain from dangerous decisions promoted by closer-in ideological allies such as Navarro and Musk? sexually or romantically attracted to people of the same gender or sex: 2.

What is clear is that Bessent is an exception. But Bessent is all alone here. U.S. Treasury Secretary Scott Bessent looks on as U.S. signs executive orders in the Oval Office of the White House on April 09, in Washington, DC. 's gay nominee for secretary of the Treasury, Scott Bessent, lives in Charleston, South Carolina with his husband and family. -world is a cauldron of intrigue. Read on to find out the history of gay labels and how LGBTQ+ was created.

More from Robert Kuttner. Learn more. They quickly arranged an emergency conversation with , explained the risks of financial collapse, and stayed until composed a Truth Social post suspending the tariffs. Knowing how to talk about identities of gender and sexuality is key to understanding LGBTQ+ experiences. For nearly two decades Bessent worked for George Soros.

Skip to main content. White House chief economist Kevin Hassett has pointedly declined to defend Powell. On April 9, financial markets were crashing, and worse was expected. Bessent graduated from Yale College in In , he was. The American Prospect is nonprofit, reader-funded journalism—and we need your help.

He used to be a Democrat. Newsletter Signup Donate. Learn the distinctions between "queer" and "gay.". On Monday, redoubled his attack on Powell , and markets predictably cratered again. [50] Bessent became the first openly gay person to lead the U.S. Treasury Department, and just the second openly gay U.S.

Senate-confirmed Cabinet secretary. belonging or. And for the moment anyway, there has been no more talk of abrupt revocations of the tax status of major nonprofits, which also happens to be illegal.