Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources
President-elect Donald Trump plans to nominate hedge fund tycoon Scott Bessent to be the next Secretary of the Treasury, four sources told The Post, marking the beginning of a fierce battle between Wall Street power players. This brought an end to the eventful race. Mr. Bessent “showed a favor” late Thursday during a meeting with […]
Larry Fink could have Trump’s ear no matter who gets Treasury job
One of the less-publicized aspects of how President-elect Donald Trump will run the economy is the influence of those who don't officially hold positions of power but remain in Trump's kitchen. Probably. People close to him say it's a loosely defined group of outsiders, some Democrats but mostly Republicans, who he's focused on, including issues […]
Ex-Trump deputy press secretary: No Treasury pick yet because 'it's a long list of folks'
Hogan Gidley, a former Trump aide, said the reason the president-elect did not choose Treasury Secretary was because of overwhelming interest in the position. “There are a lot of people competing for that position. You know, this is a very important position and it's very important to the incoming administration. The American people are voting […]
Treasury imposes sanctions on Russian banks, financial officials
Russia's third-largest bank, Gazprombank, and its subsidiaries were targeted by U.S. sanctions on Thursday, making them the largest banks yet to be targeted as the Russia-Ukraine war approaches its third year. of new sanctions These organizations are part of the Treasury Department's Office of Foreign Assets Control and targeted over 50 “internationally connected” Russian banks, […]
Trump's Treasury search
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Trump's Treasury pick search
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} business and economy business and economy Full text Plastic bag bans can sometimes backfire: study Policies aimed at curbing the use of single-use plastic bags are sometimes working against their […]
Treasury contenders Howard Lutnick, Scott Bessent in ‘knife fight’
President Donald Trump's two front-runners for Treasury secretary are engaged in what is reported to be a “knife fight,” but the president-elect, reportedly displeased with one of them, apparently The company reported that it is expanding its list of options. I will report it. Howard Lutnick, the billionaire CEO of Wall Street giant Cantor Fitzgerald, […]
Where Trump's search for a Treasury secretary stands
President-elect Donald Trump is widening his search to lead the Treasury Department as the fight over who will take on key economic roles comes to the fore. Investor Scott Bessent appears to be the frontrunner for the role and has visited Mar-a-Lago multiple times in recent weeks, but billionaire Scott Bessent, who has frequently been […]
Scott Bessent, Potential Trump Treasury Pick, Pens Powerful Defense of Tariffs
Scott Bessent, a prominent investor and CEO of Key Square Capital Management, has emerged as a leading candidate for Treasury secretary in the administration of President-elect Donald J. Trump. Bessent's recent op-ed on Fox News: “Let's talk about tariffs. It's time to bring back Alexander Hamilton's favorite tool,” and his support for using tariffs as […]
Musk backs Lutnick over Bessent as Trump’s Treasury secretary
Billionaire tech mogul Elon Musk will choose Cantor Fitzgerald chairman and CEO, rather than Key Square Group founder Scott Bessent, to be Trump's next Treasury secretary. I supported Howard Lutnick. post on social platform X on Saturday. “In my opinion, Bessent is the traditional choice, but @howardlutnick will actually make a difference. Business as usual […]