Trump plans to nominate Scott Bessent as Treasury secretary

Donald Trump is expected to nominate billionaire investor Scott Bessent as Treasury secretary. Bessent, who founded Key Square Group, has been a key economic advisor to Trump and supports his proposals on deregulation and tariffs. Bessent has a diverse political background, having worked for George Soros and previously supported Democratic candidates. However, he has shifted towards Trump, donating significantly to his campaign and aligning with his economic policies. As Treasury secretary, Bessent would address economic challenges, including inflation and national debt. He has proposed a "3-3-3 policy" aimed at reducing the budget deficit, boosting economic growth, and increasing oil production.