Trump nominates Scott Bessent to lead US Treasury Department
bbc.com —
Donald Trump has nominated Scott Bessent to lead the US Treasury Department, concluding a lengthy selection process. Bessent, a Wall Street financier and early supporter of Trump, has a background in international finance and economic strategy. If confirmed by the Senate, Bessent will focus on extending tax cuts from Trump's first term and managing trade policy, including proposed tariffs. He has previously defended tariffs as a negotiation tool and supports Trump's pro-cryptocurrency stance. Bessent's experience includes founding Key Square Capital Management and teaching at Yale. His nomination marks a shift towards a more conventional choice for the Treasury, contrasting with Trump's previous appointments.