Donald TrumpPresident-elect of the United States, named billionaire investor and hedge fund manager Scott Bessent as the new Treasury Secretary. “He is one of the main international and strategic geopolitical and economic investors in the world,” underlined the Republican.
Bessent, 62, was one of Trump’s advisors regarding economic policy in his electoral campaign. He is also the founder of the Key Square Group firm.
“I am very pleased to nominate Scott Bessent as the 79th Secretary of the U.S. Treasury. He is widely respected as one of the leading international investors and geopolitical and economic strategists of the world. His story is the story of the American dream,” Trump said in a statement, according to CNN.
A text in which he continues to praise Bessent: “It’s been a long time since a strong supporter of the “America First” agenda. My administration will restore the freedom, strength, resilience, and efficiency of our capital markets. “We will reinvigorate the private sector and help halt the unsustainable trajectory of the federal debt.”
“This will promote competitiveness policies in the United States and will end unfair trade imbalances“Working toward an economy that prioritizes growth through our coming global energy dominance,” Trump said.
Bessent was one of Trump’s key figures in his electoral career. In an interview, he tried to downplay the Republican’s business threats: “My general opinion is that at the end of the day, he’s a defender of free trade.
The United States Secretary of the Treasury is responsible for directing and manage the country’s fiscal and economic policywith particular emphasis on tax collection, public debt management, enforcement of economic sanctions, and monitoring of the financial system.
Scott Turner, former NFL Secretary of Housing and Urban Development
Additionally, Trump nominated Scott Turner, a former NFL player and former cabinet member during his first term, as Secretary of Housing and Urban Development. “He is a veteran of American football who served as the first executive director of the White House Council on Revitalization and Opportunity. “He helped lead an unprecedented effort that transformed our nation’s most disadvantaged communities,” the Republican said.
“He oversaw 16 federal agencies that implemented more than 200 policy actions promoting economic development. He will work alongside me to make America once again great for all Americans, “ he concluded.
