Trump nominates Bessent for treasury secretary and Vought for budget chief

President-elect Donald Trump has nominated Scott Bessent as treasury secretary, Russel Vought as budget chief, and Rep. Lori Chavez-DeRemer for labor secretary. Bessent, a former hedge fund manager, advocates for reducing the national debt and could gain bipartisan support. Vought returns to the Office of Management and Budget, where he previously served during Trump's first term. He is known for his conservative budget proposals, including significant spending cuts and tax reductions. Chavez-DeRemer, a Republican from Oregon, will focus on opportunities for American workers. These appointments mark a shift in Trump's administration towards a more financial-focused team.