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Will U.S. economic growth exceed 3% in 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official GDP reports from the U.S. Bureau of Economic Analysis
Story
Senate Confirms Trump's Treasury Nominee Scott Bessent in 68-29 Vote
Jan 27, 2025, 11:11 PM
On Monday, January 27, 2025, the U.S. Senate confirmed Scott Bessent as the 79th Secretary of the Treasury in a bipartisan vote of 68-29. Bessent, 61, a former hedge fund manager and ex-Chief Investment Officer at Soros Fund Management, is a longtime ally of President Donald Trump. He is reportedly pro-Bitcoin and owns $500,000 in Bitcoin ETFs. Bessent has pledged to implement the America First economic agenda and is focused on restoring economic prosperity experienced under Trump's leadership. He is proposing a gradual 2.5% universal U.S. tariffs plan, which would increase by the same amount each month. Senators from both parties expressed support for his nomination, citing his qualifications and commitment to revitalizing the U.S. economy.
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