Donald Trump picks Scott Bessent as Treasury secretary

Donald Trump has chosen Scott Bessent, a major financial backer, to be his US Treasury secretary for his second term, tasked with overseeing economic pledges like tax cuts and maintaining stability. Bessent, a hedge fund manager, aims to blend free-market conservatism with Trump’s populism, defending tariff threats as negotiation tools. With Senate confirmation required, Bessent’s appointment signals Trump’s focus on economic policy and government spending cuts.

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