Bessent Given Extension to Divest After Missing Ethics Deadline

Treasury Secretary Scott Bessent has been granted an extension after failing to fully divest all his assets in compliance with an ethics agreement, according to documents reviewed by Bloomberg.

The Office of Government Ethics, or OGE, gave Bessent until Dec. 15 to complete the divestiture of assets he identified ahead of his confirmation by the Senate earlier this year. A Treasury spokesperson said the date was mutually agreed upon by Bessent, the office of Treasury ethics and OGE.

Bessent said in a statement that those remaining assets represent 4% of his required divestitures and that he is working toward selling ...