Trump names hedge fund manager Scott Bessent as Treasury chief
Trending News
1 month ago

Trump names hedge fund manager Scott Bessent as Treasury chief

Deccan Chronicle  

Washington: US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs. "He will help me usher in a new Golden Age for the United States, as we fortify our position as the world's leading economy," he said, adding Bessent would also help "reinvigorate the private sector, and help curb the unsustainable path of federal debt." 'All-in' for Trump' Bessent has defended Trump's position on trade, saying on Trump ally Roger Stone's radio show that the president-elect wants free trade but "we haven't had fair trade, we haven't had reciprocal trade." Bessent added that being in Trump's cabinet means "your job is to do what Donald Trump wants you to do" and to find an effective way to implement his policies.

Treasury Scott Tax Cuts Trump Wants Fund Manager Bessent  names  bessent  trade  help  fund  manager  tax  treasury  hedge  trumps  secretary  chief  trump  wants  scott  position

History of this topic

Panicked CEOs left 'scratching their heads' as Trump ignores their warnings: WSJ
1 week, 1 day ago

Panicked CEOs left 'scratching their heads' as Trump ignores their warnings: WSJ

Raw Story  

CEO's and business execs hoping to dissuade Donald Trump from enacting what they and many economists believe will be ruinous tariffs are finding he won't budge and that has them scrambling to find a way to get through to him. As the Journal's Brian Schwartz wrote, "Trump isn’t budging" before adding, "So far, executives are facing setbacks as they canvass …

Trump wastes no time in reigniting trade wars
Trending News
3 weeks, 5 days ago

Trump wastes no time in reigniting trade wars

Live Mint  

Donald Trump has fired the first shot. Scott Bessent, a former hedge-fund manager who Mr Trump nominated to be treasury secretary on November 22nd, had suggested that Mr Trump’s tariffs could be used as an opening gambit. There is plenty of uncertainty about Mr Trump’s latest salvo, not least whether he would actually be able to implement the tariffs on …

Scott Bessent sees a coming ‘global economic reordering.’ He wants to be part of it.
4 weeks ago

Scott Bessent sees a coming ‘global economic reordering.’ He wants to be part of it.

Live Mint  

Scott Bessent spent the past 40 years studying economic history. As a hedge-fund manager, first at George Soros’s firm and later at his own, Bessent specialized in macro investing, or analyzing geopolitical situations and economic data to wager on big-picture market moves. Bessent became one of Trump’s closest advisers by adding depth to his economic proposals and defending his plans …

A Hedge Fund Manager Should Be Able to Run Treasury
4 weeks ago

A Hedge Fund Manager Should Be Able to Run Treasury

Live Mint  

-- A big theme in finance over the past two decades has been a shift in power away from investment banks that traditionally dominated the industry to the asset management firms that orbit it. By picking Scott Bessent as Treasury secretary, Donald Trump has chosen a Wall Street type who hasn’t held a senior position at a Wall Street firm. …

Donald Trump’s cabinet: Full list of picks and key White House appointments revealed
4 weeks, 1 day ago

Donald Trump’s cabinet: Full list of picks and key White House appointments revealed

Hindustan Times  

President-elect Donald Trump is finalising his Cabinet for 2025, with announcements highlighting both familiar faces and new voices. President-elect Donald Trump takes the stage following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, The team also features Chad Wolf returning to Homeland Security and Rick Perry reprising his role as Energy Secretary, signaling Trump’s …

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 …

Wall Street veteran Scott Bessent tapped as Donald Trump's treasury secretary
1 month ago

Wall Street veteran Scott Bessent tapped as Donald Trump's treasury secretary

India Today  

President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, …

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.
Trending News
1 month ago

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.

Huff Post  

LOADING ERROR LOADING WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. …

Trump move shows 'limit to influence' of one of his 'strongest political allies': report
1 month ago

Trump move shows 'limit to influence' of one of his 'strongest political allies': report

Raw Story  

One of Donald Trump's latest actions shows that one of his closest allies doesn't have the influence over the president-elect that some thought, according to a new report. John L. Dorman, a senior politics reporter at Business Insider, wrote on Saturday that Musk "has become one of Donald Trump's strongest political allies." Last Saturday, however, before Trump decided, Musk shared …

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
1 month ago

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary

Associated Press  

WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. Trump’s decision on …

Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary
1 month ago

Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary

Firstpost  

President-elect Donald Trump has tapped hedge-fund investor Scott Bessent to be his Treasury Secretary. Janet Yellen, who is the current treasury secretary and the first woman to take the job, has chaired the Federal Reserve and was part of the White House Council of Economic Advisers in the past. As the 79th US treasury secretary, Bessent is responsible for maintaining …

Who is Scott Bessent? Donald Trump’s pick for treasury secretary
Trending News
1 month ago

Who is Scott Bessent? Donald Trump’s pick for treasury secretary

Hindustan Times  

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary. He speaks regularly about deficit reduction, while supporting extending Trump’s tax cuts Bessent has backed extending provisions of the Tax Cuts and Jobs Act of 2017, which Trump signed into law in his first year in office, …

Trump rejects Elon Musk’s treasury secretary pick, names his own favorite instead
1 month ago

Trump rejects Elon Musk’s treasury secretary pick, names his own favorite instead

Hindustan Times  

Donald Trump has chosen hedge fund veteran Scott Bessent to serve as his Treasury Secretary, reports confirm. Musk publicly endorsed Howard Lutnick as a candidate who could bring about necessary change, contrasting Lutnick’s approach with Bessent's more traditional stance. FILE PHOTO: Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President …

Trump to nominate hedge fund manager Scott Bessent as Treasury Secretary
1 month ago

Trump to nominate hedge fund manager Scott Bessent as Treasury Secretary

NPR  

Trump to nominate hedge fund manager Scott Bessent as Treasury Secretary President-elect Trump plans to nominate hedge fund manager Scott Bessent to be Treasury Secretary. SCOTT SIMON, HOST: President-elect Trump has announced that hedge fund manager Scott Bessent is his choice for Treasury secretary. Bessent has also championed Trump's call for deregulation and for increased domestic energy production as a …

Trump picks billionaire investor Scott Bessent as Treasury secretary
1 month ago

Trump picks billionaire investor Scott Bessent as Treasury secretary

Al Jazeera  

The hedge fund manager will be responsible for implementing president-elect’s pledges to cut taxes and raise tariffs. US President-elect Donald Trump has picked hedge fund manager Scott Bessent to serve as Treasury secretary in a blitz of announcements after his choice for attorney general said he was withdrawing. The choice for Treasury secretary, a protracted process, was the most anticipated …

Trump expected to pick Bessent to be US treasury secretary, sources say
1 month ago

Trump expected to pick Bessent to be US treasury secretary, sources say

Live Mint  

By Steve Holland and Alexandra Ulmer -President-elect Donald Trump is expected to pick prominent investor Scott Bessent to take on the role of U.S. Treasury secretary, sources told Reuters on Friday, putting him at the helm of a cabinet position with vast influence over economic, regulatory and international affairs. Bessent follows other financial luminaries who have taken the job, including …

'Home run': Republican pleased as Trump reportedly offers key role to Wall Street insider
1 month ago

'Home run': Republican pleased as Trump reportedly offers key role to Wall Street insider

Raw Story  

President-elect Donald Trump has offered hedge fund executive Scott Bessent to head the Treasury Department, CNN reported. The reporting on Trump’s transition team came Friday afternoon days after the incoming president named Wall Street executive Howard Lutnick as Commerce secretary. “I think he’s got the right skill set and experience to do the job,” longtime GOP strategist Scott Jennings said …

Scott Bessent’s rise through finance to the US Treasury
1 month ago

Scott Bessent’s rise through finance to the US Treasury

Live Mint  

* Bessent has advocated for tax reform and deregulation * Bessent's career includes working for Soros and Chanos, and running his own hedge fund * Bessent has known the Trump family for 30 years and advised Trump's campaign By Lawrence Delevingne Nov 22 - Investor Scott Bessent has spent his career in finance, working for macro investment billionaire George Soros …

Trump picks hedge fund billionaire Bessent to run Treasury
1 month ago

Trump picks hedge fund billionaire Bessent to run Treasury

Salon  

Donald Trump has nominated hedge fund manager Scott Bessent to lead the U.S. Treasury, ending speculation over who would hold the key economic position. In a statement posted to Truth Social on Friday, Trump championed Bessent as “one of the World's foremost International Investors.” “Scott will support my Policies that will drive U.S. Competitiveness, and stop unfair Trade imbalances, work …

Trump names hedge fund manager Scott Bessent as Treasury secretary, announces other picks
1 month ago

Trump names hedge fund manager Scott Bessent as Treasury secretary, announces other picks

LA Times  

Hedge fund manager Scott Bessent, 62, served for years as a top money manager for George Soros, a billionaire donor to Democrats. President-elect Donald Trump announced Friday that he’ll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next Treasury secretary. Trump said Bessent would “help me usher in a new Golden Age …

Trump nominates Wall Street investor Scott Bessent as treasury secretary
1 month ago

Trump nominates Wall Street investor Scott Bessent as treasury secretary

NPR  

Trump nominates Wall Street investor Scott Bessent as treasury secretary toggle caption DOMINIC GWINN/Middle East Images/AFP via Getty Scott Bessent, the little-known Wall Street investor who became one of President-elect Donald Trump's top economic advisers, has been nominated to be the next treasury secretary in Trump's new administration. "Mr. Trump has a mandate to reprivatize the U.S. economy through deregulation …

Live updates: Trump presidential transition news
54 years, 11 months ago

Live updates: Trump presidential transition news

CNN  

In the nearly two weeks since he won the election, President-elect Donald Trump has been on the hunt for a Treasury secretary without much luck. Trump is expected to interview Kevin Warsh, a former Federal Reserve governor who was once considered for the Federal Reserve chair during Trump’s first term. Now, Trump is considering Warsh alongside several other names, including …

Trump expands pool of possible Treasury picks as top candidates jockey for the job
1 month ago

Trump expands pool of possible Treasury picks as top candidates jockey for the job

CNN  

CNN — President-elect Donald Trump is casting a wider net for Treasury secretary after jockeying among his top two candidates sent him looking for an alternative solution, according to multiple people familiar with the process. Trump is now considering Kevin Warsh, a former investment banker and former Federal Reserve governor whom Trump has often consulted for economic advice, and Marc …

Elon Musk wants Trump to disrupt Wall Street with Treasury pick
1 month, 1 week ago

Elon Musk wants Trump to disrupt Wall Street with Treasury pick

CNN  

CNN — As Donald Trump privately considers his team to lead America’s economy during his term, Elon Musk has put his thumb on the scale, urging followers on X to help make a public push for a candidate who won’t be “business as usual” on Wall Street. “Business-as-usual is driving America bankrupt, so we need change one way or another.” …

Donald Trump cabinet 2.0: From Elon Musk to Marco Rubio – who’s in, who’s running for his second-term shake-up?
1 month, 1 week ago

Donald Trump cabinet 2.0: From Elon Musk to Marco Rubio – who’s in, who’s running for his second-term shake-up?

Live Mint  

US News: Donald Trump is making significant moves in selecting key figures for his upcoming administration, tapping both loyalists and new faces for pivotal positions. Trump described Stefanik as a “strong, tough, and smart America First fighter.” Lee Zeldin – EPA Administrator Donald Trump has appointed former congressman Lee Zeldin as the Environmental Protection Agency administrator. Robert Lighthizer – Trade …

Donald Trump's second term: Who's in the running for top administration jobs?
1 month, 2 weeks ago

Donald Trump's second term: Who's in the running for top administration jobs?

India Today  

Donald Trump will begin the process of choosing a cabinet and selecting other high-ranking administration officials in the coming weeks following his presidential election victory. LARRY KUDLOW, POTENTIAL TREASURY SECRETARY FOX Business Network personality Larry Kudlow, who served as director of the National Economic Council for much of Trump's first term, has an outside shot at becoming his treasury secretary …

Donald Trump is 'considering billionaire hedge fund titan John Paulson as his Treasury secretary'
9 months, 1 week ago

Donald Trump is 'considering billionaire hedge fund titan John Paulson as his Treasury secretary'

Daily Mail  

Donald Trump has begun holding meetings with potential cabinet picks and has discussed appointing billionaire hedge fund manager John Paulson as Treasury secretary, according to insiders. 'And John Paulson, the great John Paulson made plenty of money in Nevada,' he said in January after his New Hampshire primary win, picking the billionaire out of the crowd. Donald Trump has begun …

Discover Related