Trump names hedge fund manager Scott Bessent as Treasury chief
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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.

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