Trump nominates Scott Bessent as Treasury Secretary

Donald Trump has nominated Scott Bessent as the new Secretary of the Treasury. Bessent, a hedge fund manager, is known for his support of the America First Agenda and aims to enhance U.S. economic competitiveness. Bessent has called for significant cuts to government spending and has criticized the regulatory policies of the Biden administration. He emphasizes the importance of supporting Main Street businesses and community banks. This nomination marks a shift in leadership at the Treasury Department, with Bessent being viewed as one of Trump's less controversial picks. Further updates on this story are expected.