Trump Names New Treasury Secretary Nominee Among Cabinet Picks
President-elect Donald Trump has announced Scott Bessent as his nominee for Treasury Secretary, along with several other key cabinet appointments. Bessent, 62, a Wall Street financier with extensive investment experience, would oversee crucial areas including tax policy, public debt, international finance, and sanctions if confirmed by the Senate. The appointment comes as Trump finalizes his leadership team ahead of his return to the presidency in January. Bessent brings traditional financial sector credentials to the role, having built his reputation at various investment firms including working with George Soros in the 1990s, where he gained recognition for currency trading strategies. In 2015, he founded Key Square Capital Management, known for policy-driven investment approaches. Among Bessent's stated priorities is the extension of Trump's first-term tax cuts, which are set to expire next year. In pre-election statements, he warned that failing to extend […]