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Scott Bessent Named as Trump's US Treasury Secretary Pick

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Scott Bessent, a 62-year-old hedge fund manager and former employee of George Soros, has been nominated by Donald Trump to serve as the next US Treasury Secretary. If confirmed by the Senate, Bessent would be the first openly gay member of a Republican cabinet and the first openly gay Treasury chief in US history. He would be tasked with implementing Trump's economic agenda, including cutting taxes and raising tariffs.

    1. After months of lies to the American people, Donald Trump is taking off the mask: he's plotting a Project 2025 cabinet to enact his dangerous vision starting on day one.
    1. Scott will support my policies that will drive US competitiveness and stop unfair trade imbalances [and] work to create an economy that places growth at the forefront, especially through our coming world energy dominance.
    2. Scott will work alongside me to make America great again for every American.
    3. He did an excellent job serving in this role in my First Term - We cut four Regulations for every new Regulation, and it was a Great Success!
    4. Russ has spent many years working in public policy in Washington DC and is an aggressive cost-cutter and deregulator who will help us implement our America First agenda across all agencies.
    5. Scott has long been a strong advocate of the America First Agenda.
    6. Scott is widely respected as one of the World's foremost International Investors and Geopolitical and Economic Strategists.
    7. 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.
    1. Having worked for me and George for all those years, he's been exposed to everything a Treasury secretary has to deal with. He has a deep knowledge of markets and he's also an intellectual who has the chops to work with academic policymakers. It's a rare combination.
    1. I was all-in for President Trump. I was one of the few Wall Street people backing him.
    2. This election cycle is the last chance for the U.S. to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy.
    3. Tariffs are a means to finally stand up for Americans.
    4. No one has been more terrified about this debt stack and the coming refinance we've got to do.
    5. 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.