Donald Trump has officially chosen hedge fund veteran Scott Bessent to serve as his Treasury Secretary, ending a competitive search for the position. The decision came after a meeting at Mar-a-Lago, where Trump praised Bessent for his commitment to the “America First” agenda. While Tesla CEO Elon Musk had weighed in on the matter, endorsing Howard Lutnick for the role, Trump ultimately selected Bessent, who is known for his successful bets against the British pound and Japanese yen.
Bessent, the founder of Key Square Group and a vocal advocate for Trump’s economic policies, has been a top choice for the position due to his support for the MAGA agenda. Trump expressed confidence that Bessent would help lead the country into a new economic era, positioning the U.S. as a global economic leader.
In addition to Bessent’s appointment, Trump also selected other individuals for key positions in his cabinet. Oregon Rep. Lori Chavez-DeRemer was named Secretary of Labor, Russell Vought was chosen to lead the Office of Management and Budget, and Dr. Dave Weldon will head the CDC. Dr. Janette Nesheiwat was appointed Surgeon General, Alex Wong was picked for Principal Deputy National Security Adviser, Sebastian Gorka will serve as Senior Director for Counterterrorism, Dr. Marty Makary was chosen as FDA Commissioner, and former NFL player Scott Turner was named to lead HUD. Trump’s selections reflect his commitment to assembling a team that will work towards his vision for the country’s future.
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