President-elect Donald Trump reportedly plans to nominate hedge fund manager Scott Bessent to head the Treasury Department. numerous sauce.
Bessent, 62, founded the macro fund Key Square Group in 2015 and is openly gay.
“I was totally rooting for President Trump. I was one of the few people on Wall Street who supported him.”
President Trump previously called Bessent “one of the brightest people on Wall Street.”
Bessent is from a small town in South Carolina and previously attended Yale University. end up on wall street He works at Soros Fund Management. When left-wing billionaire George Soros founded Key Square Group, he invested $2 billion in the fund.
Mr. Bessent is a donor and supporter of Mr. Trump and is also an economic advisor to Mr. Trump's 2024 presidential campaign. He also acted as a top fundraiser. In January, he predicted that the stock market would rise if Trump won the election, and he was right.
“I was totally in favor of President Trump. I was one of the few people on Wall Street who supported him,” he said in an interview.
he has called He called on President Trump to deregulate and cut taxes. He also warned of worsening debt burdens, which he blamed on “four years of reckless spending” under the Biden administration.
Some on the right criticized coverage of his nomination based on his ties to Soros; Blaze TV Contributor Carol Ross praised the choice.
“Given the confusion, [Janet] “Ms. Yellen is leaving the Treasury Department, and of all the candidates, Ms. Bessent was the best choice,” she wrote on social media.
The nomination must be confirmed by the U.S. Senate.
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