Update [6:39 p.m. EST]: The Wall Street Journal is reporting that sources confirm that President-elect Donald Trump has chosen hedge-fund manager Scott Bessent as Treasury Secretary:
Breaking: Donald Trump named hedge-fund manager Scott Bessent to lead the Treasury Department https://t.co/GGiiIAalVK
— The Wall Street Journal (@WSJ) November 22, 2024
WASHINGTON—Donald Trump has selected hedge-fund manager Scott Bessent to lead the Treasury Department, according to people familiar with the matter, elevating one of the finance world’s most vocal supporters of the president-elect to a crucial position overseeing the incoming administration’s economic agenda.
Bessent in recent months has become a key economic adviser to Trump and his team. He has defended Trump’s economic proposals in the midst of opposition from some on Wall Street, who worry that the…
