Scott Bessent: Trump's pick for treasury secretary is 1st openly gay to hold post
1 month ago

Scott Bessent: Trump's pick for treasury secretary is 1st openly gay to hold post

India Today  

Donald Trump has tapped Scott Bessent, a prominent hedge fund manager known for his support of deficit reduction and deregulation and a former major donor to the Democrats, to serve as the next Treasury Secretary. FISCAL HAWK ADVOCATING TAX CUTS Bessent supports extending provisions of the 2017 Tax Cuts and Jobs Act, signed by Donald Trump, a move projected to cost $6 trillion to $10 trillion over a decade to the US treasury. A FORMER SOROS AIDE Bessent spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos. In a Fox News op-ed, Bessent highlighted tariffs’ potential to achieve foreign policy objectives, from encouraging defence spending by allies to curbing trafficking of synthetic drug fentanyl and deterring military aggression.

History of this topic

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