Scott Bessent nominated as Treasury Secretary after career with George Soros

Scott Bessent has been nominated by Donald Trump for the position of Treasury Secretary, filling one of the last open cabinet roles. Bessent previously worked with George Soros, notably during the famous bet against the British pound in 1992. Bessent, a seasoned Wall Street investor, has a history of successful currency trades. He has also launched and managed investment firms, including Key Square Capital Management, which has seen a decline in assets recently. His nomination comes after competition with Howard Lutnick, who was appointed Commerce Secretary. Bessent's ties to Soros, a controversial figure for many conservatives, may raise questions about his influence within the new administration.