Trump selects Scott Bessent as Treasury Secretary, business leaders express support
time.com —
President-elect Donald Trump has chosen Scott Bessent, a hedge fund manager, as his Treasury Secretary. This decision is welcomed by business leaders who see Bessent as qualified and capable of collaborating with both Republicans and Democrats. Bessent has a strong background in finance, having worked with notable investors like George Soros. He is expected to address economic growth and tariffs, balancing business concerns with Trump's policies. If confirmed, Bessent would be the first openly-gay Treasury Secretary in U.S. history. His nomination reflects support from a diverse group of influential figures in finance and politics.