Trump plans to nominate Scott Bessent as Treasury Secretary

President Donald Trump plans to nominate Scott Bessent as the next Treasury Secretary. Bessent, a hedge fund manager and founder of Key Square Group, would oversee U.S. fiscal and economic policy if confirmed. Bessent is known for his stability and has been a close economic adviser to Trump. He has previously worked at Soros Fund Management and has connections to both major political parties. His nomination follows a push from Trump advisers after the president-elect's victory. Bessent's selection comes as he competes with other notable candidates for the position.