Trump plans to appoint Scott Bessent as U.S. Treasury Secretary, sources say

President-elect Donald Trump is expected to appoint Scott Bessent as U.S. Treasury Secretary, according to sources. Bessent, a prominent investor, was chosen from a competitive list of candidates, including Marc Rowan and Kevin Warsh. Bessent will oversee significant economic responsibilities, including managing the national debt and financial regulations. He has previously advocated for tax reform and deregulation to boost economic growth. Bessent's approach may differ from current Treasury Secretary Janet Yellen, particularly regarding climate change policies and U.S. financial support for Ukraine. His background includes experience with George Soros and managing a hedge fund.