Trump expected to appoint hedge fund manager Scott Bessent as Treasury Secretary
legit.ng —
President-elect Donald Trump is expected to appoint billionaire Scott Bessent as Treasury Secretary, according to multiple media reports. Bessent, CEO of Key Square Group, will help implement Trump's agenda focused on tax cuts and tariffs. Bessent has previously advised Trump on economic matters and supports extending tax cuts from the first term. His role will involve managing trade relations, particularly with China, and addressing the budget deficit. The Treasury Department oversees federal finances, bank supervision, and U.S. sanctions. Bessent's nomination signals a significant influence on both domestic and international economic policy.