Trump offers Treasury secretary position to billionaire Scott Bessent

President-elect Donald Trump has offered the Treasury secretary position to billionaire Scott Bessent. Bessent, 62, is the founder of Key Square Capital Management and previously worked at Soros Fund Management. He advised Trump on economic policy during the campaign. Bessent's appointment would mark a shift in leadership, as he is seen as a supporter of Trump's economic agenda, including deregulation and tax cuts. He has also expressed the need to address the federal debt limit. This development comes amid competition for the role, with Trump previously considering other candidates. Bessent's early challenges may include managing the federal debt and responding to market expectations following Trump's electoral victory.