Reports from the U.S. Treasury Department or independent economic analysis

Trump Picks Scott Bessent for Treasury Secretary, Prioritizing Tax Cuts

Nov 25, 2024, 04:07 AM

Scott Bessent, a billionaire and the founder and CEO of hedge fund Key Square Group, has been selected by President-elect Donald Trump as the new Treasury Secretary. Bessent, who was a key economic policy adviser and fundraiser for Trump's campaign, has donated approximately $3 million to the president-elect's campaign. He has expressed that his policy priority will be to deliver on Trump’s various tax-cut pledges, as reported by the Wall Street Journal. Bessent often appeared on financial talk shows to argue in favor of Trump's economic policies.