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Trump picks hedge fund billionaire Bessent to run Treasury

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The hedge fund manager-turned-loyal MAGA fundraiser was given a nom for the powerful Cabinet position
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 to create an Economy that places Growth at the forefront, especially through our coming World Energy Dominance,” he wrote.

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