Trump expected to nominate Scott Bessent as treasury secretary

President-elect Donald Trump is expected to announce Scott Bessent as his nominee for treasury secretary. Bessent, who leads the Key Square Group hedge fund, has been a key economic adviser during Trump's campaign. Bessent, 62, received Trump's support after recent meetings with financiers Kevin Warsh and Marc Rowan. He has publicly endorsed Trump's economic policies, including tariff increases. If confirmed, Bessent will join other Trump administration officials awaiting Senate approval.