Trump nominates Scott Bessent as treasury secretary
npr.org —
President-elect Donald Trump has nominated Scott Bessent, a Wall Street investor and former protégé of George Soros, as his treasury secretary. Bessent has been a key economic adviser to Trump and supports his "America First" agenda. Bessent founded Key Square Group and has gained attention for his views on tax cuts and deregulation. He previously suggested replacing Federal Reserve chair Jerome Powell but has since decided not to pursue that idea. If confirmed, Bessent would be one of the first openly gay Cabinet officials. He will oversee Trump's economic policies, including potential tax cuts and tariffs, as the administration seeks to reshape the U.S. economy.