U.S. President-elect Donald Trump has chosen billionaire hedge fund manager Scott Bessent as his Treasury secretary, signaling a focus on tax cuts, energy dominance, and tackling federal debt. 📉 The move aligns with Trump’s pledge to prioritize economic revitalization through private-sector growth and fiscal discipline.
Bessent, CEO of Key Square Group, pushed to extend Trump-era tax cuts and championed U.S. energy independence. 🌍 His appointment underscores Trump’s strategy to lean on Wall Street veterans to drive policies aimed at “reinvigorating” America’s economic leadership.
“Scott is one of the world’s top strategists,” Trump declared, framing Bessent as key to delivering a “Golden Age” for the U.S. economy. 💬 The pick has already sparked debate about how the billionaire’s policies might shape trade, tariffs, and global markets.
