Secretary
Scott Bessent is the U.S. Treasury Secretary and a former Wall Street investor who helps lead federal economic and financial policy.
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Treasury Secretary Scott Bessent used a CNBC interview to link Mayor Zohran Mamdani’s rise to the Democratic Party’s direction and to promote a new plan to help more Americans invest in stocks.
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Secretary Scott Bessent said the U.S. will give a 60-day sanctions waiver on Iranian oil, and oil prices fell as traffic through the Strait of Hormuz began to recover.
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Scott Bessent said young Americans’ support for socialism is tied to not owning stocks, and he pitched Trump Accounts as a way to turn more children into future investors.
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Scott Bessent was confirmed as Treasury secretary, putting a Wall Street veteran and Trump ally in charge of the administration’s economic agenda.
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Scott Bessent told senators he supports tougher Russia sanctions and wants to keep the IRS Direct File program in place if he becomes treasury secretary.
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Scott Bessent was picked to lead the Treasury Department, even though his career has included work for George Soros’s hedge fund.
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Trump’s early tariff moves have not shaken investor optimism yet, but the article says his economic agenda will depend on whether his cabinet picks, especially Scott Bessent and Marco Rubio, can steady trade, markets, and policy.
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Scott Bessent’s possible move to Treasury is being met with high hopes from banks, which expect lighter rules and a more business-friendly approach under President Donald Trump.
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Scott Bessent’s long-term, research-heavy investing style at Key Square Capital is being seen as a clue to how he may handle fiscal policy if confirmed as Treasury secretary.
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President-elect Donald Trump chose hedge fund manager Scott Bessent to lead the Treasury Department if confirmed by the Senate.
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