What to know about Scott Bessent, Trump’s pick for treasury secretary
4 months ago

What to know about Scott Bessent, Trump’s pick for treasury secretary

Associated Press  

WASHINGTON — 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, though estimates from various economic analysis of the costs of the various tax cuts range between nearly $6 trillion and $10 trillion over 10 years. Bessent told Bloomberg in August that he views tariffs as a “one time price adjustment” and “not inflationary,” and tariffs imposed during a second Trump administration would be directed primarily at China. Whether it is getting allies to spend more on their own defense, opening foreign markets to U.S. exports, securing cooperation on ending illegal immigration and interdicting fentanyl trafficking, or deterring military aggression, tariffs can play a central role.” He told CNBC that “I would recommend that tariffs be layered in gradually.” He would be the first openly gay treasury secretary If confirmed to the role, he would also be the first openly LGBTQ Senate-confirmed cabinet member in a Republican administration. In 2015, Bessent told the Yale Alumni Magazine: “If you had told me in 1984, when we graduated, and people were dying of AIDS, that 30 years later I’d be legally married and we would have two children via surrogacy, I wouldn’t have believed you.” Pete Buttigieg is the first openly LGBT Senate-confirmed Cabinet member, nominated by President Joe Biden to lead the transportation department.

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History of this topic

Wall Street hoped Scott Bessent would keep Trump in check. He had other ideas.
1 week ago

Wall Street hoped Scott Bessent would keep Trump in check. He had other ideas.

Politico  

When pressed on a recent market sell-off that pushed down the S&P 500 by more than 10 percent from its recent peak, he said that “corrections are healthy.” “What’s not healthy is straight up, that you get these euphoric markets. “It’s always hard for anyone to figure out when and how to go to the president and say you need …

Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
1 month, 2 weeks ago

Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates

CNN  

CNN — Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this week, said the Trump administration wants to focus on lowering long-term interest rates, which are largely influenced by the yield on the 10-year US Treasury …

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head
1 month, 2 weeks ago

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Bessent issued a temporary pause on bureau activity while the …

Will Scott Bessent abolish Donald Trump's tax cuts as treasury secretary?
1 month, 3 weeks ago

Will Scott Bessent abolish Donald Trump's tax cuts as treasury secretary?

India Today  

The US Senate has confirmed billionaire investor Scott Bessent as Treasury Secretary under President Donald Trump. Now, Bessent faces the challenge of balancing tax cuts with deficit control while crafting a tariff strategy that stimulates economic growth without stifling it. Bessent will play a central role in advancing Trump’s key economic policies, including: Reinstating the 2017 tax cuts, which primarily …

Scott Bessent, hedge fund billionaire, is Trump's treasury secretary
1 month, 3 weeks ago

Scott Bessent, hedge fund billionaire, is Trump's treasury secretary

Salon  

Scott Bessent will lead President Donald Trump's financial agenda as treasury secretary. Beyond developing Trump's tax policies and creating his administration's budgets, Bessent will play a key role in implementing tariffs, set to be imposed on imports from Mexico and Canada beginning Saturday. Bessent has been asked to review the viability of Trump's proposed “External Revenue Service” to collect tariff …

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts
1 month, 3 weeks ago

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts

The Hindu  

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth. He has said the U.S. faces economic calamity if Congress does not renew key provisions of Mr. Trump’s Tax …

‘Golden age starts now’: Scott Bessent becomes Donald Trump’s treasury secretary, pushes universal 2.5% tariff plan
Trending News
1 month, 3 weeks ago

‘Golden age starts now’: Scott Bessent becomes Donald Trump’s treasury secretary, pushes universal 2.5% tariff plan

Live Mint  

The billionaire investor Scott Bessent will serve as US President Donald Trump's treasury secretary, the US Senate confirmed on Monday. The hedge fund manager has been advocating for a new universal tariffs on US imports, which would start at 2.5% and increase gradually every month, reported Financial Times. Calling his appointment as US treasury secretary the beginning of ‘golden age’, …

Senate confirms Scott Bessent as US Treasury Secretary amid global economic concerns
1 month, 3 weeks ago

Senate confirms Scott Bessent as US Treasury Secretary amid global economic concerns

Firstpost  

Bessent, a Wall Street veteran who grew up in South Carolina, has praised the Republican president’s plans to slash taxes and impose tariffs while calling for measures to protect supply chains and the dollar’s standing internationally The Senate confirmed Scott Bessent on Monday to become US Treasury Secretary. AFP Scott Bessent, a billionaire hedge fund manager, was confirmed by the …

'Absurd double standard': Top Finance Committee member slams new Treasury Secretary
1 month, 3 weeks ago

'Absurd double standard': Top Finance Committee member slams new Treasury Secretary

Raw Story  

A top Democrat on the Senate Finance Committee slammed Scott Bessent, who has been confirmed to become the nation's next Treasury secretary. "Mr. Bessent has avoided paying almost $1 million in the three years of tax returns," Wyden said, according to Fox News reporter Chad Pergram. So if Mr. Bessent is confirmed the day that he's sworn in, the Treasury …

Scott Bessent Confirmed As Treasury Secretary, Giving Him A Key Role In Extending Trump's Tax Cuts
1 month, 3 weeks ago

Scott Bessent Confirmed As Treasury Secretary, Giving Him A Key Role In Extending Trump's Tax Cuts

Huff Post  

LOADING ERROR LOADING WASHINGTON — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth. He has said the U.S. faces economic calamity if Congress does not renew key …

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts
1 month, 3 weeks ago

Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump’s tax cuts

Associated Press  

WASHINGTON — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump’s treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth. He has said the U.S. faces economic calamity if Congress does not renew key provisions of Trump’s …

Trump promised some tariffs immediately. They’re not here — yet.
1 month, 3 weeks ago

Trump promised some tariffs immediately. They’re not here — yet.

Politico  

The striking level of uncertainty around tariffs is the first and most prominent example of a divide in Trump’s circle on a major policy position. “Tariffs are coming in the next couple months — broad based, universal tariffs,” said one person familiar with discussions inside the administration, granted anonymity to speak about policies that have yet to be decided. “The …

Trump treasury pick's 'magical and paper-thin' economic plan torn to shreds by columnist
2 months ago

Trump treasury pick's 'magical and paper-thin' economic plan torn to shreds by columnist

Raw Story  

Washington Post columnist Catherine Rampell has some unkind words for the economic plan being pitched by Scott Bessent, who has been nominated by President-elect Donald Trump to be the next secretary of the treasury. At the start of her column about Bessent, Rampell walks through the long history of budgetary tricks and gimmicks that Republican administrations have used to conceal …

'There it is!' Rolled eyes meet Trump billionaire's warning of 'calamity' without tax cuts
2 months ago

'There it is!' Rolled eyes meet Trump billionaire's warning of 'calamity' without tax cuts

Raw Story  

President-elect Donald Trump's pick for Treasury chief, billionaire Scott Bessent, received blowback on social media after claiming that Trump's tax cuts for the wealthy would prevent "economic calamity." Trump’s Treasury nominee just said “extending” Trump’s tax handouts for billionaires is their TOP priority: “This is the single most important economic issue of the day.” Another person wrote, Surprising? The self-described …

U.S. Treasury nominee says Trump can usher in 'economic golden age'
2 months ago

U.S. Treasury nominee says Trump can usher in 'economic golden age'

Raw Story  

by Beiyi SEOW Donald Trump's nominee for Treasury chief spoke Thursday of ushering in "a new economic golden age," as he faced grilling by lawmakers about the incoming U.S. administration's economic agenda. Scott Bessent's confirmation hearing comes days before Trump returns to the White House, with the president-elect vowing tax cuts, higher tariffs and a slash to federal spending. On …

Treasury nominee plans to say at confirmation hearing that Trump will unleash ‘economic golden age’
2 months, 1 week ago

Treasury nominee plans to say at confirmation hearing that Trump will unleash ‘economic golden age’

Associated Press  

WASHINGTON — U.S. Treasury nominee Scott Bessent plans to say Thursday during his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.” According to prepared testimony given to The Associated Press, Bessent will say the U.S. must secure vulnerable supply chains, levy sanctions to address national security concerns “and critically, we must ensure …

Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know
2 months, 1 week ago

Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know

NPR  

Trump's pick for Treasury Secretary is Scott Bessent. Who: Scott Bessent Nominated for: Secretary of Treasury You might know them from: The longtime investor and hedge fund manager was little known outside of Wall Street until he became one of the top economic advisers to President-elect Donald Trump's campaign. If confirmed, Bessent will be responsible for implementing Trump's proposed economic …

Donald Trump’s cabinet picks face Senate hearings: Key dates and times - Full schedule here
2 months, 1 week ago

Donald Trump’s cabinet picks face Senate hearings: Key dates and times - Full schedule here

Live Mint  

As President-elect Donald Trump moves forward with assembling his administration, Senate hearings are officially underway for several of his Cabinet picks. Tuesday schedule: Defense and Homeland Security 9:30 a.m. - Pete Hegseth, Department of Defense Trump’s pick for defense secretary, Pete Hegseth, is set to appear before the Senate Armed Services Committee. Thursday schedule: Interior, HUD, and EPA 10:00 a.m. …

Panicked CEOs left 'scratching their heads' as Trump ignores their warnings: WSJ
3 months, 1 week 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’s Treasury secretary will face a daunting challenge
3 months, 3 weeks ago

Trump’s Treasury secretary will face a daunting challenge

Live Mint  

Scott Bessent, President-elect Donald Trump’s nominee for US Treasury Secretary, will face two big challenges if confirmed by the Senate: Ensuring that the world’s largest government-debt market functions properly, and pursuing a fiscal policy that doesn’t send the country’s debt-service costs soaring. This puts the onus on the US and foreign banks known as primary dealers, which also don’t have …

Trump wastes no time in reigniting trade wars
Trending News
3 months, 3 weeks 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 …

Who is Scott Bessent's husband? Trump Treasury Secretary pick's partner who he shares two children with
3 months, 3 weeks ago

Who is Scott Bessent's husband? Trump Treasury Secretary pick's partner who he shares two children with

Daily Mail  

Billionaire Scott Bessent is poised to break ground as America's first openly-gay Treasury Secretary after Donald Trump selected him for the role. The hedge fund heavyweight is known for running in the same social circles as King Charles, being one of Trump's closest advisors, and living in an iconic pink mansion with his husband and two children. Their three-story stucco …

Moment liberal MSNBC star reveals he is 'conflicted' over openly gay Trump Treasury pick Scott Bessent
3 months, 3 weeks ago

Moment liberal MSNBC star reveals he is 'conflicted' over openly gay Trump Treasury pick Scott Bessent

Daily Mail  

MSNBC star Jonathan Capehart has confessed that he feels conflicted that Donald Trump chose an openly-gay man as his pick to lead the Treasury Department. MSNBC star Jonathan Capehart has confessed that he feels conflicted that Donald Trump chose an openly-gay man as his pick to lead the Treasury Department President-elect Trump announced Scott Bessent as his pick to run …

Scott Bessent sees a coming ‘global economic reordering.’ He wants to be part of it.
3 months, 3 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 …

Scott Bessent: Trump's pick for treasury secretary is 1st openly gay to hold post
3 months, 3 weeks 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
3 months, 3 weeks 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
3 months, 3 weeks 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
3 months, 3 weeks 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 …

What are the challenges Donald Trump's treasury chief pick Scott Bessent faces?
4 months ago

What are the challenges Donald Trump's treasury chief pick Scott Bessent faces?

Firstpost  

President-elect Donald Trump announced hedge fund billionaire Scott Bessent as his choice for the next Treasury Secretary. He will also be the first openly gay Treasury Secretary in a Republican administration If the Senate confirms his appointment, Bessent—despite having no government experience—will be central to implementing Trump’s economic vision. He rejected Nobel prize economists’ views: Bessent first made waves when …

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
4 months 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 picks Scott Bessent for treasury as he announces flurry of cabinet picks
4 months ago

Trump picks Scott Bessent for treasury as he announces flurry of cabinet picks

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Rep. Lori Chavez-Deremer arrives to a meeting with House Republicans …

Trump names hedge fund manager Scott Bessent as Treasury chief
Trending News
4 months 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 …

Trump names hedge-fund investor and Yale prof. Scott Bessent as Treasury Secretary
4 months 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
4 months 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
4 months 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 Chooses Bessent To Be Treasury Secretary, Vought As Budget Chief, Chavez-DeRemer For Labor
4 months ago

Trump Chooses Bessent To Be Treasury Secretary, Vought As Budget Chief, Chavez-DeRemer For Labor

Huff Post  

LOADING ERROR LOADING WASHINGTON — 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, one of several personnel decisions that he unveiled as he closed out the workweek. Trump also said he would nominate Russell Vought to lead the Office of Management and …

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
4 months ago

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

Associated Press  

WASHINGTON — 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, one of several personnel decisions that he unveiled as he closed out the workweek. Trump also said he would nominate Russell Vought to lead the Office of Management and Budget, the same …

Trump picks billionaire investor Scott Bessent as Treasury secretary
4 months 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 to nominate hedge fund manager Scott Bessent as Treasury Secretary
4 months 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 expected to pick Bessent to be US treasury secretary, sources say
4 months 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
4 months 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 …

Treasury Candidate Factions Vie to Win Over an Undecided Trump
4 months ago

Treasury Candidate Factions Vie to Win Over an Undecided Trump

Live Mint  

Presiden-elect Donald Trump’s uncertainty about his slate of Treasury secretary candidates has led to rival factions once again trying to win his favor. Warsh has been involved in transition efforts run out of Trump’s Mar-a-Lago club in Palm Beach since Election Day, largely helping develop economic policy plans. Since Election Day, Bessent has met with Trump multiple times and at …

Trump picks hedge fund billionaire Bessent to run Treasury
4 months 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
4 months 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
4 months 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
55 years, 2 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 …

Scott Bessent vs Howard Lutnick: Elon Musk wants this contender to be Trump’s Treasury Secretary
4 months ago

Scott Bessent vs Howard Lutnick: Elon Musk wants this contender to be Trump’s Treasury Secretary

Hindustan Times  

Elon Musk has come up with a suggestion as President-elect Donald Trump's quest for a new Treasury Department chief continues. Elon Musk, the Chief Executive Officer of SpaceX and Tesla and owner of X The Tesla CEO, who has been dubbed as “First Lady” by Trump's critics due to his increasing appearance at Mar-a-Lago, is openly advocating the next president …

Trump expands pool of possible Treasury picks as top candidates jockey for the job
4 months 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
4 months, 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.” …

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