Trump nominates Scott Bessent, former Soros money manager, as treasury secretary

President-elect Donald Trump has nominated Scott Bessent, a former money manager for George Soros, as his treasury secretary. Bessent, 62, is the founder of Key Square Capital Management and advocates for reducing the national deficit. Trump also announced Russel Vought as his choice to lead the Office of Management and Budget, a role Vought previously held. If confirmed, Bessent would be the first openly gay treasury secretary in U.S. history. Bessent has expressed concerns about the national debt and supports cutting government spending. He joined Trump's campaign to address these issues.