Treasury secretary nominee Scott Bessent plans to meet this week with incoming Senate Republican leader John Thune and other key senators as he begins preparing for confirmation hearings.The veteran hedge fund manager hasn’t aroused public opposition from GOP senators even as some of Donald Trump’s other picks have stirred controversy.

The outgoing Senate majority leader called on his GOP replacement to follow the usual confirmation process rather than caving to demands from President-elect Donald Trump to waive vetting procedures.

Incoming Senate Republican leader John Thune met late Wednesday with Treasury secretary nominee Scott Bessent, emerging from the closed-door discussion saying the two men “covered a lot of ground.” Most Read from BloombergAs Wars Rage,

Donald Trump had two seemingly contradictory goals when picking a Treasury Secretary. He wanted somebody who would keep Wall Street happy. He also wanted a right-hand man to help him execute his vision for higher tariffs on international trade,

President-elect Donald Trump released a statement on Truth Social nominating hedge fund manager Scott Bessent as the secretary of the Treasury Department. The statement reads that Bessent will help Trump “usher in a new Golden Age for the United States” and maintain the dollar as “the Reserve Currency of the World.