Donald Trump taps Scott Bessent for Treasury secretary, ending fierce battle for key job
Bessent, the 62-year-old founder of Key Square Group, has repeatedly backed the president-elect’s pro-tariff stance in a series of op-eds and media appearances over the past year.
What Scott Bessent's Treasury Secretary Nomination Means for Investors
Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
Trump Nominates Scott Bessent for Treasury Secretary
"I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," Trump said in a statement emailed to Newsweek. "Scott is widely respected as one of the World's foremost International Investors and Geopolitical and Economic Strategists. Scott's story is that of the American Dream."
Trump names billionaire Scott Bessent as Treasury secretary pick
President-elect Donald Trump has offered the Treasury secretary position to billionaire Scott Bessent, according to two sources familiar with the matter. Bessent, 62, advised Trump on economic policy on the campaign trail and is the founder of hedge fund Key Square Capital Management.
Trump picks Scott Bessent to serve as treasury secretary
If confirmed, Bessent will be tasked with implementing any tax cuts a Republican-controlled Congress may pursue.
Trump’s Treasury pick boosts stock market
Now is one of the stronger times of the year for stocks. pic.twitter.com/Hh4kA7xx6V — Ryan Detrick, CMT (@RyanDetrick) November 26, 2024 The stock market rallied on Monday as investors reacted positively to President-elect Donald Trump’s nomination of Scott Bessent for Treasury Secretary.
Who Is Scott Bessent? Donald Trump's Nominee for Treasury Secretary
Bessent was once described as the "protege" of billionaire George Soros, who he worked for over the course of decades.
Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
President-elect Trump nominated Scott Bessent, the founder and CEO of global macro investment firm Key Square Group, for ...
Donald Trump is considering two billionaires with strong Philly-area ties for his Treasury secretary. Who are they?
Howard Lutnick or Marc Rowan could oversee banks, money printing, and tax collection, along with making recommendations on ...
How Scott Bessent Went From Democratic Donor to Trump Treasury Secretary Pick
The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.
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Scott Bessent tabbed for Treasury secretary position
President-elect Donald Trump announced his choice for a new Treasury secretary; the purported frontrunner for the job is ...
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He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad ...
Trump’s Tariff Message: I’m in Charge of the Economic Agenda
The president-elect’s market-friendly appointments to Treasury and other agencies brought relief to investors. The trade ...