Trump nominates Scott Bessent as Treasury secretary
President-elect Donald Trump has nominated Scott Bessent as Treasury secretary. Bessent, an investor and CEO of Key Square Capital Management, was a frontrunner throughout the selection process, which included several other candidates. Bessent is known for his support of Trump's economic agenda and has actively campaigned for the position. He has previously worked with Trump and has made public appearances discussing economic issues. Bessent's nomination comes as the Treasury secretary role is expected to play a significant part in addressing upcoming economic challenges, including the expiration of key tax provisions in 2025.