Trump selects Scott Bessent as treasury secretary nominee after Cabinet picks

President-elect Donald Trump has quickly selected several Cabinet members but took longer to choose Scott Bessent as his treasury secretary nominee. Bessent, a billionaire investor with a background in finance, will focus on economic growth and managing national debt. Bessent's appointment reflects Trump's desire for a strong economic team, despite criticism from some quarters. Critics argue that Bessent's wealth and connections may not align with Trump's populist image. The choice highlights tensions within Trump's administration regarding economic policy. Bessent has criticized President Biden's economic strategies and aims to implement tax cuts and address trade imbalances. However, there are concerns about potential increases in the national deficit due to Trump's proposed economic plans.