Scott Bessent appointed to lead US Treasury after successful finance career

Scott Bessent, a seasoned investor with a background in macro finance, is set to lead the U.S. Treasury. He has previously worked with George Soros and Jim Chanos and founded his own hedge fund, Key Square Group. Bessent's career path mirrors that of past Treasury secretaries like Steven Mnuchin and Henry Paulson, who also came from finance. He has advocated for tax reform and deregulation to boost lending and energy production. Bessent, 62, has a personal history of financial anxiety, which he aims to address in his new role. He has been a supporter of Donald Trump and served as a key economic advisor during the recent election campaign.