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On August 16, 2016, President Barack Obama signed Executive Order 13735, which changed the order of succession for filling the Treasury Secretary's role when necessary. At any time when the secretary and the deputy secretary of the treasury have both died, resigned, or cannot serve as secretary for other reasons, the order designates which ...
As the secretary of the treasury is fifth in the United States presidential line of succession, he will become the highest-ranking openly LGBT person in American history. [39] Bessent appeared before the Senate Committee on Finance on January 16, 2025. During the hearing, Bessent defended plans to impose tariffs, supported tax cut extensions ...
The United States presidential line of succession is the order in which the vice president of the United States and other officers of the United States federal government assume the powers and duties of the U.S. presidency (or the office itself, in the instance of succession by the vice president) upon an elected president's death, resignation, removal from office, or incapacity.
If ever there was a time to make an outside-the-box pick for secretary of the Treasury, it is now. And while it might be seen as symbolic, it is well beyond well-deserved, and would be an inspired ...
President-elect Donald Trump's decision on a treasury secretary is about far more than whose name will be printed on America's money. The choice of how to fill his highest-profile outstanding ...
Secretary of the Treasury A nomination for Secretary of the Treasury is reviewed during hearings held by the members of the Finance Committee , then presented to the full Senate for a vote. Founder of the global macro investment firm Key Square Group Scott Bessent from South Carolina was announced as Trump's nominee for the position on November ...
The chief executive officer of JPMorgan Chase & Co, Dimon is considered a strong candidate for treasury secretary, though it is far from clear that he would actually take the job. The New York ...
In 1953, a new Cabinet department was created; this led to the creation of a new position behind the secretary of labor in the line of succession: the secretary of health, education and welfare. In 1965, another new Cabinet department was created; the secretary of housing and urban development joined the line of succession.