Trump nominates Scott Bessent as Treasury secretary and Russel Vought as budget chief

President-elect Donald Trump has nominated Scott Bessent as his Treasury secretary. Bessent, a former money manager for George Soros, is known for advocating deficit reduction. Trump also announced Russel Vought as the new head of the Office of Management and Budget. Vought previously held this position during Trump's first term. Bessent aims to address the U.S. national debt by cutting government spending and programs. He has expressed concerns about the country's financial future.