Trump nominates Scott Bessent as Treasury Secretary
qz.com —
President-elect Donald Trump has chosen Scott Bessent, former chief investment officer at Soros Fund Management, as his nominee for Treasury Secretary. Bessent has been a key economic adviser to Trump and has built strong relationships within the administration. Bessent has expressed support for Trump's economic policies, including a focus on cryptocurrency. He has previously donated to Republican causes and was an early supporter of Trump's campaign, distinguishing himself from other Wall Street executives. Trump has also made several other high-level appointments, including Marco Rubio as Secretary of State and Tom Homan as the "border czar." These selections reflect a rapid formation of his incoming administration.