Trump Names Billionaire Investor Scott Bessent as Treasury Secretary Amid Cabinet Announcements Scott Bessent speaks at a campaign event for Donald Trump in Asheville, North Carolina, United States [File: Jonathan Drake/Reuters] Washington, D.C. – In a whirlwind of appointments, U.S. President-elect Donald Trump has selected billionaire hedge fund manager Scott Bessent as his Treasury secretary, marking a significant step in shaping his economic team ahead of his second term. The announcement came late Friday after Trump’s nominee for attorney general, Matt Gaetz, withdrew from consideration amidst renewed allegations of misconduct. Bessent, 62, is the founder of Key Square Capital Management and a prominent figure in the financial world. Known for his expertise in global investing and economic strategy, Bessent’s selection signals Trump’s focus on driving an economic agenda centered on tax cuts, deregulation, and protectionist trade policies. “Scott is widely respected as one of...
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